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Lonely, aging and alcoholic, weekend newscaster Jerry Blackwell is a has-been who never really was. Repeatedly overlooked for choice assignments, he resents the younger, more handsome colleague Elliot Houstan who succeeds at his expense. To impress his station manager, Jerry furtively goads a vagrant into committing a robbery and conveniently manages to break the story first. As his serendipitous 'scoops' increase in frequency and hilarious depravity questions inevitably arise, but Jerry deflects them with crooked charm, that is until...