Rathergate

I have been wondering the same thing and Mark Steyn has this theory:

"Why has CBS News decided it would rather debauch its brand and treat its audience like morons than simply admit their hoax? For Dan Rather? I doubt it. Hurricane Dan looks like he's been hit by one. He's still standing, just about, but, like a battered double-wide, more and more panels are falling off every day. No one would destroy three-quarters of a century of audience trust and goodwill for one shattered anachronism of an anchorman, would they? . . .

The only reasonable conclusion is that the source -- or trail of sources -- is even more incriminating than the fake documents. Why else would Heyward and Rather allow the CBS news division to commit slow, public suicide?"

Hat tip to InstaPundit.