HOUR-LONG PROGRAM ON RUSSIAN ECONOMIC THREAT -- AMERICA'S "MOST SERIOUS PEACETIME CHALLENGE" -- TO BE PRESENTED ON CBS TELEVISION AND CBS RADIO NETWORKS IN JULY

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80M01009A001502530005-9
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 3
• Document Creation Date: December 27, 2016
• Document Release Date: March 28, 2013
• Sequence Number: 5
• Publication Date: June 2, 1958
• Content Type: MISC

Declassified and Approved For Release 2013/03/28 : CIA-RDP80M01009A001502530005-9 _
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Press Information
485 Madison Ave.,New York 22, N.Y.
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June 2, 1958
HOUR-LONG PROGRAM ON RUSSIAN ECONOMIC THREAT -- AMERICA'S
"MOST SERIOUS PEACETIME CHALLENGE" -- TO BE PRESENTED
ON CBS TELEVISION AND CBS RADIO NETWORKS IN JULY
CBS News Correspondents Daniel Schorr, David Schoenbrun, Ernest
Leiser, Winston Burdett, Peter Kalischer And Richard C. Hottelet
To Assemble In New York For Special Report To Network Audiences
"The Ruble War?Russia's Economic Threat To America," a spe-
cial CBS News hour-long report to the American people on Soviet eco-
nomic penetration into Europe, as well as into under-developed coun-
tries, will be broadcast ove the
on or about Thursda Jul
Director of News for CBS News.
Convinced that Russia's burgeoning foreign aid and trade pro-
grams represent "the most serious challenge ever faced by this country
in peacetime," CBS News has assigned six of its most experienced and
most widely-traveled correspondents and camera crews to spend the next
six weeks investigating the dimensions and potential scope of this
threat in various parts of the world for the July broadcast.
CBS Televispfl and CBS Radio Networks
was announced today by John F. Day,
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Declassified and Approved For Release 2013/03/28: CIA-RDP80M01009A001502530005-9
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CBS Television Network ... 2
The following CBS News Correspondents will assemble in New
York to make their reports in person:
DANIEL SCHORR -- for three years CBS News Moscow Correspondent.
Because of his familiarity with the workings and
policies of the Kremlin, Schorr will state the na-
ture of the challenge and set the scene for the
reports to follow.
DAVID SCHOENBRUN -- CBS News veteran Paris Correspondent. A recog-
nized authOrity on France and North Africa, Scho-
enbrun will report on Hussita increased use of
French banks to further Soviet trade with the West
and to get information on new trade opportunities.
ERNEST LEISER -- CBS News Bonn Correspondent. Leiser, along
with Schoenbrun, will report on the Soviet's in-
creasing trade with Western Europe and will con-
centrate on Russia's economic hold on satellite
and near-satellite countries and the trade rela-
tionship between West Germany and Eastern Europe.
Within the past year, Leiser has spent much time
in Hungary, Rumania, Poland and Yugoslavia and
will now revisit the latter two for this report.
WINSTON BURDETT
-- CBS News Rome Correspondent. A veteran re-
porter of the Mediterranean and Middle East Coun-
tries, Burdett has recently concluded a month's
tour through Saudi-Arabia. For "The Ruble War,"
he will spend the next six weeks in Kuwait, Yemen,
Egypt, Syria and Lebanon.
PETER KALISCHER -- CBS News Tokyo Correspondent. A veteran of
twelve years in the Far East, Kalischer is con-
sidered an authority in that area. Having re-
cently spent six weeks in Indonesia and Cambodia,
Kalischer will revisit these countries as well as
Ceylon, India, Nepal and Afghanistan in prepara-
tion for the July broadcast.
RICHARD C. HOTTELET -- CBS News Correspondent. A veteran of many
years as a foreign correspondent in Germany and
Russia, Hottelet will devote his attention to in-
vestigating Soviet economic penetration in South
America. He will visit and report on Brazil, Ar-
gentina, Chile, Peru and Venezuela.
In "The Ruble War," special film footage will be used, as
needed, to reinforce, or illustrate, points made by the newsmen. In
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Declassified and Approved For Release 2013/03/28: CIA-RDP80M01009A001502530005-9
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CBS Television Network ... 3
addition to the live reports of the aforenamed newsmen, the program
will utilize late dispatches from other correspondents in the world-
wide CBS News organization.
"The Ruble War?Russia's Economic Threat To America," will be
produced by the Special News Show Unit of CBS News, headed by Leslie
Midgley. This is the same unit which produced, earlier this year,
such outstanding television broadcasts as "Where We Stand," "Ceiling
Unlimited," and "France At The Brink."
Declassified and Approved For Release 2013/03/28: CIA-RDP80M01009A001502530005-9