• New York Observer, Wednesday, October 14, 2009 9:30 PM

Armen Keteyian, the chief investigative correspondent for CBS News, is hard at work on a story close to home -- the alleged blackmail attempt of David Letterman by "48 Hours" producer Joe Halderman.

There has been much speculation about how CBS will handle the sticky situation involving two of its shows. Now we have at least a partial answer. The news division is actively investigating the love triangle gone awry between the CBS Late Show host;, his former employee Stephanie Birkitt and Halderman. "Think of the ironies and the awkward position for the CBS corporation," says one of Halderman's former colleagues. "Anything they dig up that mitigates Joe's position hurts Letterman."

Whether the story ever makes it to the airwaves remains to be seen. But current and former CBS News staffers are saying that they expect that the news division will not pull any punches.

Read the whole story at New York Observer »