“Congratulations on that Peabody!”: CBS cancels 60 Minutes II

60 minutes ix-nay.pngCBS chairman Les Moonves annnounced that the network has axed 60 Minutes II, apparently due to ratings, not Rathergate. Apparently, running opposite the “Lost” juggernaut on ABC hasn’t exactly been a ratings boon. Also, 60 Minutes II has an older demographic, and advertisers hate old people. Dan Rather will hop to Sunday as a contributor, no fancy title as of yet. Ouch.

CBS Cancels Wednesday ’60 Minutes’ [AP via ABC via HuffPo]