Chris Wallace, a CBS News Scion, Is Advising Its New Owner

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The longtime news anchor recently began working for a financial firm connected to CBS’s new parent company and has spoken with the network’s owner, David Ellison, several times.

By Michael M. Grynbaum and Benjamin Mullin

Despite being the son and stepson of CBS News royalty, the veteran anchor Chris Wallace never worked for the network outside of a college internship and a stint at a local Chicago affiliate in the 1970s.

Now, at 77 — after a career that took him from NBC to Fox News to CNN, and the moderator’s chair at two presidential debates — Mr. Wallace has embarked on something of a homecoming.