The year is 1953, television is still in its infancy and the esteemed broadcast journalist, Edward R. Murrow (DAVID STRATHAIRN), anchors the popular news documentary show, See it Now, on CBS. Murrow, alongside producer Fred Friendly (GEORGE CLOONEY), oversees a show that reports on the news items of the day. He also hosts the talk show "Person to Person," yet ‘the face of television’ is happiest as a news reporter.

The CBS TV newsroom is a constant hive of activity with secretaries typing, AP and UPI wires clicking away and the bustling of camera crews. Murrow has a dedicated crew of reporters that includes Don Hewitt, Joe Wershba, Palmer Williams, Jesse Zousmer, John Aaron, Charlie Mack and Eddie Scott. All these men will become broadcast legends, but right now, their careers are just beginning. They get together to screen the various topics of the day and discuss potential stories.

One such story is that of a U.S. Air Force reservist, Lieutenant Milo Radulovich, who was kicked out of the U.S. Air Force for being a security risk. Declared guilty without a trial, he had been asked to denounce his father and sister to stay on, but he refused. All charges against him have been kept sealed. Murrow reports this on the show despite opposition from the number two at CBS, Sig Mickelson.

A powerful figure at the time is Senator Joseph McCarthy of Wisconsin, who is on a singular crusade to rid the country of communists. Murrow suspects that McCarthy may have had something to do with Radulovich's dismissal and worries that his closed hearings and theatrical vitriol both hide the fact that he has no real proof and are eroding people's civil liberties. The Radulovich show airs and prompts an indirect response from McCarthy. Sure enough, because of Murrow's questioning and probing of the case, he is accused of being a communist sympathizer. The anchor knows in his heart that it is all lies purely designed to scare his team away. However this is one news team that don’t scare so easily.

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