‘I’m not trying to replace him’: meet the media mogul taking over Stephen Colbert’s time slot on CBS
Summary
Byron Allen is taking over Stephen Colbert’s late-night CBS time slot with his show Comics Unleashed. Instead of being paid by CBS, Allen is paying the network for the slot and selling ads himself. Allen also recently bought a majority stake in BuzzFeed and owns several other media properties.Key Facts
- Comics Unleashed will air at 11:35 pm on CBS, replacing Stephen Colbert’s show.
- Byron Allen pays CBS for the airtime through a 16-month lease, unlike typical host deals.
- Allen sells advertising for Comics Unleashed, making the show profitable for CBS.
- The show features five comedians who avoid political, racist, sexist, or offensive humor.
- Comics Unleashed has run for 20 years and recently moved to a later time slot on CBS.
- CBS canceled The Late Show for financial reasons, but some suspect politics also played a role.
- Byron Allen also acquired a majority stake in BuzzFeed, possibly paying up to $120 million.
- Allen’s media holdings include the Weather Channel, local TV stations, and Comedy.tv.
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