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 that time. On February 14, 1980, Cronkite announced that he intended to retire from the "CBS Evening News"; at the time, CBS had a policy of mandatory retirement by age 65. Although sometimes compared to a father figure or an uncle figure, in an interview about his retirement he described himself as being more like a "comfortable old shoe" to his audience. His last day in the anchor chair at the "CBS Evening News" was on March 6, 1981; he was succeeded the following Monday by Dan Rather. Cronkite's farewell statement: On the eve of Cronkite's retirement, he appeared on