Broadcasting giant Dan Rather will leave CBS News after 44 years as anchor and reporter, the network said today.
"Of all the famous names associated with CBS News, the biggest and brightest on the marquee are [Edward R.] Murrow, [Walter] Cronkite and Rather," said Sean McManus, president of CBS News and Sports.
Dan Rather
"With the utmost respect, we mark the extraordinary and singular role Dan has played in writing the script of not only CBS News, but of broadcast journalism."
CBS News said it was working on a prime-time special to mark Rather's career to be broadcast in the autumn.
CBS said Rather's contract was set to expire in November and that he had been unable to reach agreement on a new deal.
Rather has told the New York Timeshe is considering hosting and producing a news program for Hdnet, a high-definition television channel owned by Internet billionaire Mark Cuban.
But media pundits said in recent days that the pending departure of Rather (74) whose reputation was tarnished in 2004 by reporting a subsequently discredited report on President Bush's military record, was an unceremonious end for one of the network's greats.
Rather's 50-year career in journalism saw him cover the assassination of President John F. Kennedy, the civil rights movement and Watergate.
He has written six books, anchored six presidential election campaigns and covered a dozen wars on five continents.
His broadcasts were known for his quirky "Ratherisms," such as calling the race "hotter than a Times Square Rolex" on election night 2004. He was also long accused of liberal bias by conservatives.