CBS Reports $15 Million Profit from Leasing Late-Night Slot to Byron Allen
By
Brian Steinberg
Kettled twice. Extra chewy, extra trustworthy.
Summary
CBS has announced that leasing its late-night time slot to Byron Allen's production company will generate $15 million in profit, after canceling its traditional "Late Show" with Stephen Colbert. The move shifts the network's late-night business from a loss to profitability by replacing the costly traditional talk show model with a leased programming arrangement. CBS framed the decision as a proactive new business and programming model for a daypart that had become cost-prohibitive to continue.
Key quotes
· 1 pulledWe're proud to partner with Byron Allen on a new business and programming model for late night that proactively addresses a network daypart that was cost prohibitive to continue
You might also wanna read
CBS Discloses $40M Annual Loss on Colbert's Late Show, Defends Byron Allen Time Buy Deal
CBS issued a statement defending its decision to cancel The Late Show With Stephen Colbert and replace it with Byron Allen's Comics Unleashe
Deadline·3d ago
CBS Cancels 'The Late Show With Stephen Colbert' Due to Financial Reasons
CBS announced the cancellation of 'The Late Show With Stephen Colbert,' citing financial reasons. The show, running for over three decades,
nytimes.com·10mo ago
Stephen Colbert Reflects on The Late Show's End as CBS Cites Financial Reasons
Stephen Colbert reflects on the end of his tenure as host of The Late Show, which concludes on May 21st after nearly 11 years. CBS states th
Stephen Colbert's 'Late Show' Finale Marks End of 33-Year Late-Night Era at CBS
Stephen Colbert's final episode of "The Late Show" on CBS concluded 33 years of late-night television at the Ed Sullivan Theater. Despite st
IndieWire·9d ago
Bill Carter Previews Stephen Colbert's 'Late Show' Finale and What It Means for Late-Night TV
Bill Carter previews the end of "The Late Show with Stephen Colbert," examining what the finale means for the late-night TV format after 33
IndieWire·10d ago