> "It is not related in any way to the show’s performance"
Naively, these seem like contradictory statements.
x3n0ph3n3 · 3h ago
It could be that Colbert's pay has outpaced advertising revenue.
whoknowsidont · 43m ago
Yeah, definitely not related to the buyout nor the close ties that the executive team has to Trump.
readthenotes1 · 3h ago
Among other things, Colbert said:
“Now, I believe this kind of complicated financial settlement with a sitting government official has a technical name in legal circles: It’s big fat bribe, because this all comes as Paramount owners are trying to get the Trump administration to approve the sale of our network to a new owner, Skydance.”
maybe they are worried that Colbert will say things that are actionable and could lead to more lawsuits?
pm90 · 3h ago
Extremely disturbing to see the US Press go the same way as the Indian Press did under Modi.
dehrmann · 3h ago
I'd worry more about defunding public broadcasting or the Washington Post editorial stance. There's a good faith argument here that the cause was market conditions:
> The genre has been struggling as the majority of the country migrates in droves to streaming entertainment and away from traditional broadcast and cable television...
> The number of late-night shows has dwindled in recent years...
> The genre has also experienced a sharp decline in advertising revenue in recent years...
ProAm · 2h ago
America is over as we have known if for the last 95 years
andrewinardeer · 2h ago
All good things must come to an end and when one door closes, another opens.
Perhaps Colbert will sign with another network and bring bigger and better ideas to the small screen.
nwah1 · 3h ago
The Late Show has an elderly and shrinking audience. And, Colbert hasn't been funny in years, nor has he been challenging the powers that be.
When he did the White House Correspondents' Dinner and roasted George W Bush, that was extremely edgy. The Colbert Report was also wickedly funny.
But the Late Show makes John Oliver look like Lenny Bruce.
whoknowsidont · 39m ago
The Late Show was the only show to have positive viewership rates from Q1 to Q2 while maintaining the largest share of viewers.
It's hardly a shrinking audience.
Sai_ · 3h ago
At some level, it is worse. The Indian press never sold us citizens koolaid about freedom, talking truth to power, and patted themselves on the back about winning Pulitzer Prizes for journalism.
The Indian press knows it is a bottom feeder and doesn’t try not to be which gives space for critical thought to emerge (even if it masked as extreme cynicism - “everyone is corrupt”) which results in extreme skepticism of everyone.
Flatcircle · 3h ago
Shouldn’t be surprising, every late night show is going to end soon. They’re all too expensive
dawnerd · 3h ago
It’s currently the number one late night show. It’s not about money. It’s because the president pressured them after Colbert called the network out Tuesday for taking a bribe.
dec0dedab0de · 3h ago
I think Gutfeld is number 1 overall, and has been for a while.
But TV ratings overall are down so low, I haven’t had cable since 2003, and at the time people thought I was a radical. Now it seems like the people that have cable are the rare ones, Especially if there is noone over 45 in the house.
There is a reason they all format their shows in a way that is easy to break up into youtube videos. If they didn’t, most kids under 30 wouldn't even know who they are
xnx · 2h ago
> I think Gutfeld is number 1 overall, and has been for a while.
From what I saw, Gutfeld is top in that time slot, but not for late night overall.
I agree that cable is crazy to pay so much money for and still have frequent and long commercial interruptions.
paleotrope · 3h ago
How can they be so expensive? Unless you mean in relation to ad revenue.
It's one host, maybe a band, they don't pay the guests cause their there to pitch their show/music/book/film. Maybe all the extra staff they need to write jokes and whatnot. Maybe all the drug advertisements really don't pay all that much anymore.
favorited · 3h ago
Late night talk shows are extremely cheap, compared to regular scripted television. It's one of the reasons why NBC was so excited about moving Jay Leno to 10pm when Conan took over The Tonight Show:
> The Jay Leno Show WILL be significantly cheaper than any primetime scripted show NBC could program. Primetime scripted programming usually costs about $3 million per hour; so the five hours NBC is revamping would total about $15 million per week. This new Leno show will cost NBC less than $2 million per week. ... So, not only does NBC get to KEEP its primetime hours, it gets to program them with a more cost-effective show.
How expensive can they be? One set, minimal editing?
DrNosferatu · 59m ago
Really confused about this:
Why the flagging?
nteleky · 54m ago
Honest, informed satire that's often more helpful in learning about real issues than "the news"; no surprise it's being cancelled. This and John Oliver are probably the last real holdouts in honest media in the current era, from what I've seen.
xnx · 2h ago
I'm in Central time and love Colbert, but I'd never watch it if I lived in Eastern and had to wait until 11:35 PM.
electroglyph · 3h ago
didn't he talk shit about the Paramount deal just a couple days ago?
At the heart of the dispute: a new 10-year, $3 billion overall deal for Parker and Stone that would more than triple the valuation of the current deal that expires in 2027
Yeah. So that's not going to happen lol.
paleotrope · 3h ago
"One possible factor in the negotiations: an $800 million loan that Park County took in 2023 from private equity firm the Carlyle Group. Parker and Stone could be squeezed for cash to repay roughly $80 million in interest per year, according to one person knowledgeable of the arrangement, who noted that Paramount may be open to paying more than $150 million annually in a new deal but not for 10 years."
That's quite the loan.
paleotrope · 3h ago
Apparently they needed to refinance a 600 million loan from 2021.
"The loan would be made through Carlyle’s credit arm and would refinance an existing $600 million debt facility provided by HPS Investment Partners in 2021, according to the report."
What the hell have they been spending it on?
x3n0ph3n3 · 3h ago
Maybe some of that went towards Casa Bonita?
paleotrope · 2h ago
They said ~40 million. And that seems crazy high for a theme restaurant. I think they just don't know how to manage money.
iwontberude · 3h ago
I hope now that he’s done selling out, he can return to the Colbert Report
Dwedit · 3h ago
Same company owns both CBS and Comedy Central.
dec0dedab0de · 3h ago
he could change the name and make it a podcast, but i haven’t really liked him since he was on the daily show.
xnx · 2h ago
Mr. Steven's Podcast
cchance · 3h ago
Mega Conglomerations basically fucking own everything, late stage capitalism
jschveibinz · 3h ago
They don't own you. Don’t be a victim--go and make something you love.
plemer · 3h ago
In what way do you think Colbert sold out?
whoknowsidont · 42m ago
Why are these very interesting and topical threads being flagged? I'd love for someone pressing that button to explain the rationale.
> "It is not related in any way to the show’s performance"
Naively, these seem like contradictory statements.
“Now, I believe this kind of complicated financial settlement with a sitting government official has a technical name in legal circles: It’s big fat bribe, because this all comes as Paramount owners are trying to get the Trump administration to approve the sale of our network to a new owner, Skydance.”
maybe they are worried that Colbert will say things that are actionable and could lead to more lawsuits?
> The genre has been struggling as the majority of the country migrates in droves to streaming entertainment and away from traditional broadcast and cable television...
> The number of late-night shows has dwindled in recent years...
> The genre has also experienced a sharp decline in advertising revenue in recent years...
Perhaps Colbert will sign with another network and bring bigger and better ideas to the small screen.
When he did the White House Correspondents' Dinner and roasted George W Bush, that was extremely edgy. The Colbert Report was also wickedly funny.
But the Late Show makes John Oliver look like Lenny Bruce.
It's hardly a shrinking audience.
The Indian press knows it is a bottom feeder and doesn’t try not to be which gives space for critical thought to emerge (even if it masked as extreme cynicism - “everyone is corrupt”) which results in extreme skepticism of everyone.
But TV ratings overall are down so low, I haven’t had cable since 2003, and at the time people thought I was a radical. Now it seems like the people that have cable are the rare ones, Especially if there is noone over 45 in the house.
There is a reason they all format their shows in a way that is easy to break up into youtube videos. If they didn’t, most kids under 30 wouldn't even know who they are
From what I saw, Gutfeld is top in that time slot, but not for late night overall.
I agree that cable is crazy to pay so much money for and still have frequent and long commercial interruptions.
It's one host, maybe a band, they don't pay the guests cause their there to pitch their show/music/book/film. Maybe all the extra staff they need to write jokes and whatnot. Maybe all the drug advertisements really don't pay all that much anymore.
> The Jay Leno Show WILL be significantly cheaper than any primetime scripted show NBC could program. Primetime scripted programming usually costs about $3 million per hour; so the five hours NBC is revamping would total about $15 million per week. This new Leno show will cost NBC less than $2 million per week. ... So, not only does NBC get to KEEP its primetime hours, it gets to program them with a more cost-effective show.
https://www.writersdigest.com/industry-updates/jay-leno-nbc-...
Why the flagging?
https://www.hollywoodreporter.com/business/business-news/sou...
At the heart of the dispute: a new 10-year, $3 billion overall deal for Parker and Stone that would more than triple the valuation of the current deal that expires in 2027
Yeah. So that's not going to happen lol.
That's quite the loan.
"The loan would be made through Carlyle’s credit arm and would refinance an existing $600 million debt facility provided by HPS Investment Partners in 2021, according to the report."
What the hell have they been spending it on?