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hail and potential tornadoes in the deep south. a weekend washout in the northeast. and out west, the big melt raising flooding fears. plus, new bank bailout? the government set to seize and sell yet another failing financial institution. and later, with the coronation of king charles one week away, we look back 70 years and the great race among american networks to show this majestic moment first. >> there goes tommy thompson up there to get those films. >> announcer: this is the "cbs weekend news" from new york with adriana diaz. good evening, everyone. adriana is off. i'm er...

The splendor and spectacle for themselves. >> we have here the latest report on joe dibona's p-51 thunderbird plane. >> reporter: cbs news' bill downs relayed news as they scanned the flight scope. >> it is a clear victory for cbs. >> reporter: cbs's plane landed at 4:12 p.m. to celebration. nbc's plane some 45 minutes behind. but it was not a clear victory. nbc, realizing it would lose the flight race to cbs -- >> and that's it. and there goes tommy thompson up there to get the films. >> reporter: made a last minute deal with abc, younger and smaller at the time. it was broadcasting canada's ...