Dan Rather Sues CBS

Updated from 5:02 p.m. EDT

When it comes to the ignoble end of his illustrious career at CBS (CBS Quote), broadcast legend Dan Rather is not ready to make nice.

Rather, who was phased out at CBS in the wake of his role in a controversial 60 Minutes report about the Texas National Guard service record of President Bush, filed a $70 million lawsuit on Wednesday against the company.

The lawsuit, first reported by The New York Times, alleges that CBS violated Rather's contract by giving him insufficient airtime on 60 Minutes after he was ousted from the anchor seat at the CBS Evening News in March of 2005. It also claims that the company commissioned a biased investigation into the Texas National Guard controversy, resulting in a flawed report that "seriously damaged his reputation." ...