Just when you wondered if they could find someone less funny than Letterman to take that time slot...Poof...it’s a smartass liberal tool without a sense of humor. Colbert may not see the summer rerun seasons next year.
That would be nirvana for me. When CBS doubles down on liberals and loses, it’s a good day.
Colbert will be around for a while for several reasons. First, he makes less than half of what Letterman was making at the end of his tenure. At one point, Letterman was pulling down more than $25 million a year, but as his ratings continued to tank, he made less on successive deals with CBS. Still, his final paycheck was somewhere between $15-20 million a year for a show that was often in third place behind Fallon and Kimmel.
Which brings us to reason #2. Letterman produced the program for CBS, which made him a profit participant. CBS had to share the ad revenue with Letterman’s production company and even pay for some of the production costs. Those expenses cut into profits even more. The network owns Colbert’s show; he is nothing more than a well-paid employee. So, even with lower ratings, CBS can actually make more money off the program simply because of the “new” financial arrangements.