Rather's School to Receive CBS Gift

CBS News has announced former anchor Dan Rather is leaving the organization, but his alma mater will be getting some money as a result of it.

Rather and the network could not reach a new deal, but as part of their parting ways, CBS News says they will send a yet-undisclosed contribution to Sam Houston State. Officials at the school say CBS has contributed $50,000 to the university for scholarships.

The communications and journalism departments at Sam are housed at the Dan Rather Building. He graduated from the school in 1953.