> Greedy for trying to stay in business.

If CBS were headed by someone with gumption and less willingness to kowtow to the government, they could resist this pressure and still be fine. Worst case scenario, a merger would get rejected and they would be targeted by some spurious lawsuits. Going out of business is not a realistic risk.

What is a risk, however, is non-optimal shareholder value. We live in a world where the stock price is more important than anything else, including doing the right thing.