Schieffer has worked in journalism for more than 50 years, 46 of them at CBS News. This year marks his 24th behind the desk of Face the Nation.
"Because that was where it all started for me, I wanted this to be the place, and I wanted you all to be the first to know that this summer I'm going to retire," the newsman said at the annual Schieffer Symposium at Texas Christian University, his alma mater. "It's been a great adventure. You know, I'm one of the luckiest people in the world because as a little boy, as a young reporter, I always wanted to be a journalist, and I got to do that. And not many people get to do that, and I couldn't have asked for a better life or something that was more fun and more fulfilling."
CBS News President David Rhodes praised Schieffer's legacy in a statement on CBS News, saying, "He's been an inspiration and a mentor to so many colleagues - and frankly, to me. You could see at TCU tonight how that inspiration extends to a wider community of reporters and editors and academics."
IIn his announcement, Schieffer thanked those who have helped advance his career, including Phil Record and Jack Butler at the Star-Telegram in Fort Worth, Texas, where Schieffer worked as a reporter before joining CBS News. He also thanked CBS' Bill Small, Sean McManus, Richard Salant, Jeff Fager and Rhodes, as well as CBS Chairman and CEO Leslie Moonves.
"I've never believed much in the self-made man theory; I think we all need a little help and I had a lot of help along the way," Schieffer said.
Throughout his career, Schieffer has covered all four major beats: the Pentagon, the White House, Congress and the State Department. He was named anchor and moderator of Face the Nation in 1991. He has won numerous awards in broadcast journalism, including eight Emmys and the Edward R. Murrow Award. In 2013, Schieffer was inducted into the National Academy of Arts and Sciences Hall of Fame.
Schieffer also anchored the Saturday edition of the CBS Evening News for 23 years.
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