A video of the fake press conference can be found here.
Philbin spoke to CBS News, among other outlets.
“I should have cancelled it quickly. I did not have good situational awareness of what was happening,” he told CBS News in a telephone interview… “I can definitively tell you that there were no discussions or conversations about setting up a fake news conference.”
Major League Baseball has publicly responded to Alex Rodriguez's decision to announce he was opting out of his New York Yankees contract during a World Series Game.
"There was no reason to make an announcement [Sunday] night other than to try to put his selfish interests and that of one individual player above the overall good of the game," Bob DuPuy, baseball's COO, said. "[Sunday] night and [Monday] belong to the Boston Red Sox ... and to the Colorado Rockies."
Forbesreports that the US government is projecting that journalism jobs will continue to wane as the Web replaces print media.
E. Stanley O'Neal, Merrill Lynch CEO and chairman, is stepping down after turbulent times.