. >> fred silverman who was running programming at cbs said we're going to get rid of the shows that the most highly rated and replace them with shows that they thought would be more appealing to the younger audience. >> they changed the face of television. >> my name is norman leer. >> he was a very successful if largely unheralded producer/writer in hollywood. he burst upon the public consciousness when he took on bigotry with his "all in the family." >> norman lear and bud yorken created iconic shows. >> they revolutionized cbs and all of television. >> our world is crumbling down. the coons are coming. >> to use language on tv like that was unheard of. but it captured a certain moment. >> archie, 12% of the population is black. there should be a lot of black families living out here. >> i think it's wonderful. >> let's see how wonderful it is when watermelon rinds coming flying out the window. >> i thought they better be careful. >> there was no doubt in my mind american people were going to accept it. >> do you have a quick answer for the people who say the show reinforces bigot

just silverman will take over, a board member. fred wilson will be chairman of the board.porting this as revenue rises less than estimated, sending shares down sharply. over the pastup 12 months over a. erasing some gains, down 15%. apple second quarter matters but the intention should be on the iphone repressed. gurman,ing in mark bloomberg news tech reporter from our san francisco bureau. mark, griffey to join us. as old intention going to be on this the radical iphone super-cycle coming? mark: absolutely. as you know, joe, covering the company in the stock market for so long, this happens every year. [laughter] when they started announcing new iphones are in september, october towards the q4 quarter, everyone paid attention, going from q2 to 23 on the phone. that will come up toward the end of the year. they whine about a lot of the anticipation for new products numbers. everyone's eyes on this q4 iphone, and the next q1. at some point, the company will have to break out of this cycle. that's what investors have been waiting for. just the next best iphone, but also the

ceo and chairman effective tomorrow, and josh silverman, a board member on etsy takes over, holding positions at american express, skype, and shopping.com. fredrd. look at the earnings, they report flat earnings, just a slight miss. the street hoped for a penny there, and revenues also light, but you can see the stock is down sharply, 14% on the news of the ceo departure. no gieuidance. they'll let the new management team look at the company as a whole and then look at the guidance when they give us their earnings for the second quarter. back to you. >> that is a welcome for the new ceo. molina ceo leaves and the stock is up. different responses there. weight watchers' earnings. >> strong for weight watchers, stock up over 100% in six months, a strong quarter for the company. going through the earnings eps. coming in adjusted at a penny lost, better than expected. revenues beat as well. weight watchers is benefitting from a tax benefit, they say, in three months, subscriber growth up 16%. that's better than they they ended 2016 and raised earnings guidance for this year, 1.50, and oprah effect goes a long way. back to you. >> and oprah's maki