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this post was submitted on 01 Jun 2026
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Television
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CBS sold the time slot for $15 million to Byron Allen. They've effectively walked away from having a late night talk show and picked someone who was known in the industry for having a tame air filler show.
That said, The Late Show with Stephen Colbert was more expensive than you'd think. They had a large studio space in New York City, a team of comedy writers, and other staff increasing the cost. Conan had gone through a cost cutting measure at TBS, with his show getting cut to half an hour with a smaller stage and less staff. Jay Leno gave up a significant part of his salary to keep his staff's jobs before The Tonight Show went to Conan.
Had Taylor Tomlinson stayed on, CBS might have used her as a stick to threaten Colbert to make budget cuts and/or take a salary cut. Without her and reading the politics of Trump, CBS decided not to even entertain the idea of keeping The Late Show.
Colbert wasn't allowed to buy the Late Show for $15M yet Byron Allen was?
Byron Allen didn't buy the Late Show, he just bought the air time.
Yes but if the Late Show was cancelled because of cost they could have offered the time slot to Colbert first.
Putting an interview show in the same time slot and changing the desk for a table is pretty much the Late Show with a set change.
Yeah, they could have. However, saying to do the entire show for with profit for $15 million a year would have likely been an insultingly low offer to Colbert.