linguistic:paraphrasing
Retirement

On February 14, 1980, Cronkite announced that he intended to retire from the CBS Evening News; at the time, CBS had a policy of mandatory retirement by age 65. Although sometimes compared to a father figure or an uncle figure, in an interview about his retirement he described himself as being more like a "comfortable old shoe" to his audience. His last day in the anchor chair at the CBS Evening News was on March 6, 1981; he was succeeded the following Monday by Dan Rather.

Cronkite's farewell statement:

This is my last broadcast as the anchorman of The CBS Evening News; for me, it's a moment for which I long have planned, but which, nevertheless, comes with some sadness. For almost two decades, after all, we've been meeting like this in the evenings, and I'll miss that. But those who have made anything of this departure, I'm afraid have made too much. This is but a transition, a passing of the baton. A great broadcaster and gentleman, Doug Edwards, preceded me in this job, and another, Dan Rather, will follow. And anyway, the person who sits here is but the most conspicuous member of a superb team of journalists; writers, reporters, editors, producers, and none of that will change. Furthermore, I'm not even going away! I'll be back from time to time with special news reports and documentaries, and, beginning in June, every week, with our science program, Universe. Old anchormen, you see, don't fade away; they just keep coming back for more. And that's the way it is: Friday, March 6, 1981. I'll be away on assignment, and Dan Rather will be sitting in here for the next few years. Good night.

On the eve of Cronkite's retirement, he appeared on The Tonight Show hosted by Johnny Carson. The following night, Carson did a comic spoof of his on-air farewell address.