FOX NEWS AND ABC RADIO ARE REPORTING that Dan Rather will be stepping down in March.

UPDATE: But we’re still waiting for the RatherGate investigation.

And Jim Geraghty says that CBS is “more than a day late and a dollar short:”

And now I really want to see the results of that CBS internal investigation.

There’s no way CBS will face the music and admit that the “60 Minutes II” story was a cheap-shot, amateur, sloppy, partisan, nasty, half-witted bit of hackery and that the guys in pajamas ran rings around them. If it was, they wouldn’t be letting Rather stay on to keep doing “60 Minutes II” reports.

And they wouldn’t be delaying his “Evening News” departure until March.

No, the arrogant suits at CBS are going to ignore the hard, accurate work of the blogs, the scolding from other media, the blatant culture of bias, cynicism, and disregard for the facts that has taken root in the news division. To face the music would be too hard.

Indeed. But they’re not fooling anyone except themselves. If that.

ANOTHER UPDATE: Andrew Sullivan: “Why on earth is Rather staying on full-time at Sixty Minutes, the show whose reputation he besmirched by rashness and partisanship? . . . A simple question: How can you rehire a man for Sixty Minutes when you haven’t even published your own investigation into the journalistic meltdown that he presided over? Shouldn’t you wait until you know what actually happened before you declare that someone will stay on full-time? And how long does such an investigation take, for Pete’s sake? My bullshit detector just went through the roof on this one.” Indeed.

Meanwhile, Ed Morrissey notes that the CBS News Division seems to be dissing Rather in its coverage.

And then there’s this take, from Daniel Casey. Heh.