Financial impact of Rathergate

The Washington Post reports on the financial impact of Rathergate.

CBS Evening News is down in the ratings. But we learn that CBS Evening News doesn't make much money anyway:

Ad revenue from the "Evening News" accounts for only about 10 percent of the total revenue of the CBS News division, Moonves said.

CBS Evening News dates back to a time when there were only three major networks and their news reporting mattered. Today, we have all news cable channels like CNN, Fox, and MSNBC. I personally never watch any network news. I'm strictly a cable girl.

One wonders if it makes economic sense for Viacom to continue its commitment to CBS Evening News? I predict that Viacom will dump the Evening News and just stick with its more profitable magazine style shows like 60 Minutes.