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Blanchett, Redford take on newsroom drama in ‘Truth’

Though it’s holding steady in sixth place with 12-1 odds at the Oscar prediction site Gold Derby, I don’t think “Carol” – which is far more emotionally restrained than its predecessor until the devastating climax – will make it into the Best Picture race.

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Truth is a dramatic retelling of the true story of Dan Rather and Mary Mapes’ fateful exit from CBS News after they aired a 60 Minutes report on President George W. Bush’s military service with the Texas Air National Guard, based on documents that may have been forgeries.

The 46-year-old actress was joined by her co-stars John Benjamin Hickey, Dennis Quaid, Robert Redford, Dermot Mulroney, as well as Orange Is The New Black’s Alysia Reiner and host Andy Cohen, who both came out to show their support.

Variety reported last month that the Oscar victor had already signed up to a Sorkin-penned biopic of Ball, the beloved 1950s TV comic and star of the classic sitcom “I Love Lucy”. The actress called the late comedienne “one of my all-time great heroes”, but added that the possibility of a film is still in its “early days”. “Even though it feels like recently, it’s 2004… and…the media landscape, the political landscape, has changed entirely”. “It was at the beginning of that whole kind of hateful blogosphere”.

Blanchett gives a stylized but powerful performance in the title role, a married New Jersey suburbanite with a lesbian past who in 1953 begins a flirtation with a young photographer (Rooney Mara), who’s working as a salesgirl in the doll department of a Manhattan store.

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At a star-studded screening in Los Angeles, Blanchett said she consumes her news via radio, such as ABC NewsRadio in Australia.

Cate Blanchett with her Oscar for 'Blue Jasmine&#039 at last year's Academy Awards in Hollywood