CBS News City). NBC's offering at the time, "NBC Television Newsreel" (which premiered in February 1948), was simply film footage with voice narration. In 1950, the name of the nightly newscast was changed to "Douglas Edwards with the News", and the following year, it became the first news program to be broadcast on both coasts, thanks to a new coaxial cable connection, prompting Edwards to use the greeting "Good evening everyone, coast to coast." The broadcast was renamed the "CBS Evening News" when Walter Cronkite replaced Edwards in 1962. Edwards remained with CBS News with various daytime television newscasts and radio news
Walter Cronkite correspondents, relieving Bill Downs as the head of the Moscow bureau. CBS offered Cronkite $125 ($2,189 in 2018 money) a week along with "commercial fees" amounting to $25 ($438 in 2018) for almost every time Cronkite reported on air. Up to that point, he had been making $57.50 ($1,006 in 2018) per week at UP, but he had reservations about broadcasting. He initially accepted the offer. When he informed his boss Harrison Salisbury, UP countered with a raise of $17.50 ($306 in 2018) per week; Hugh Baillie also offered him an extra $20 ($350 in 2018) per week to stay.