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
CBS News Radio in addition to local news, weather, video news and other information to radio and television stations, as well as traffic reporting services. The network is the oldest unit of the CBS Corporation and traces its roots to CBS's predecessor, United Independent Broadcasters, founded in 1927 with 47 affiliates. The next year, Columbia Records invested in the radio network, which was named the Columbia Phonographic Broadcasting System. Eventually, the record company pulled its backing from the struggling web. William S. Paley bought a half-interest in what became the Columbia Broadcasting System in 1928, and became its president. (In 1938, CBS bought