The folks over at Best of the Web on OpinionJournal.com have this to say:
It's hard to see a graceful way out of all this. CBS continues to honor its contracts and pay the trio because it has a very strong incentive to avoid a lawsuit, as the Observer notes:
In the event of a lawsuit, Mr. Howard has told associates that he would like to see Mr. Moonves and [chief CBS spokesman Gil] Schwartz put under oath to talk about their own roles in the network's stubborn, hapless defense of the flawed segment on President Bush's National Guard service.
Mr. Howard has also indicated to colleagues that he would subpoena specific CBS documents, including the e-mails of top executives. That might shed further light on what members of management were saying to each other on Friday, Sept. 10, two days after the segment aired--a day that Mr. Heyward and Mr. Schwartz were making important decisions about CBS's defense strategy.
Such a lawsuit sounds like a public-relations catastrophe for CBS. The Thornburgh-Boccardi report--the product of a friendly, or at least neutral, investigation--was quite damning. Imagine what an antagonistic lawyer--make that as many as three teams of antagonistic lawyers--would come up with.
Sure would be entertaining to watch!