In a continuing war between the Russian government and the nation's only independent national television station, prosecutors yesterday raided a bank owned by Russian media mogul Vladimir Gusinsky. The U.S. State Department cried foul.

Television coverage of election night returns interfered with the electoral process and in CNN's case was "a debacle," according to an independent report released today.

The NBC Nightly News anchor discusses the changing face of television, American society and the network newscast. The following are extended excerpts of his interview with media correspondent Terence Smith.