Dave McElhatton for KPIX-TV Channel 5, the first television station in San Francisco starting in 1977 upon leaving KCBS radio. The hiring of McElhatton, a radio broadcaster, was noted by some to be a bold stroke. He remained as a news anchor with KPIX until his retirement in 2000. He was noted, along with that of CBS newsman Walter Cronkite, to be among two good reporters during a forum by U.S. Senator Dianne Feinstein. At his peak, his salary as a newscaster was reportedly approximately $750,000 per year. For a decade from the late 1970s to late 1980s, his co-anchor was Wendy
Walter Cronkite added to the McCain-Feingold-Shays-Meehan Campaign Finance Reform Act of 2001 that would have required TV broadcast companies to provide free airtime to candidates. Cronkite criticized the present system of campaign finance which allows elections to "be purchased" by special interests, and he noted that all the European democracies "provide their candidates with extensive free airtime." "In fact," Cronkite pointed out, "of all the major nations worldwide that profess to have democracies, only seven – just seven – do not offer free airtime" This put the United States on a list with Ecuador, Honduras, Malaysia, Taiwan, Tanzania, and Trinidad and Tobago.