CBS Spanks Colbert on the Way Out! Brags About MONEY Being Saved?!

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CBS just backhanded Stephen Colbert on the way out. The company execs bragged to the media about how much money they're saving on the Late Show, which they claimed lost them $40 million annually. Is this what he gets for attacking them night after night for the last several months? Probably.
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Video Summary
AI GeneratedThis video analyzes the financial and professional breakdown between CBS and Stephen Colbert. It argues that Colbert's public criticism of the network, coupled with annual losses of $40–$50 million, made his departure a business necessity. CBS has since pivoted to a more profitable \"pay-to-play\" model by leasing the time slot to Byron Allen.
So CBS is kicking Colbert when he's down on the way out the door.
Executives from CBS made comments about how much money they were going to save without them.
And all these media outlets are screeching about it. They're like,
how very dare they be so mean to him after all he meant. It's like, well,
from CBS's point of view, they were losing 40, $50 million a year in this guy.
And he spent the last six or eight months attacking them pretty much every day.
Right. So I mean, of course they're not happy. Why should he get treated any different than
most employers treat their people? I'm just saying, I don't think it's right. I'm just saying
though. Yeah, I think this is kind of, I mean, look there's an old saying that you don't you
don't poop where you eat. And you know, again, this guy has been in the same with Kimmel.
They're attacking their corporate handlers. They're, you know obviously Colbert more than
Kimmel, but still it's like, what did you, what did you expect? I mean, I don't know what you
expected to happen. Like they were going to throw you a ticker tape parade and give you a watch.
Even on the way out, he was joking about costing them money with a copyright strikes and all this
other, like he was going out of his way to antagonize them. And then, um, he did that
local TV station thing. We'll talk a little bit about that. And CBS, uh, copyright struck him
over there and then they blocked it back. I mean, it's been a big mess. I mean, this has been a very
acrimonious parting of the ways and it could have gone a lot cleaner, but again, his time was
always limited. I think he definitely did hasten it with the, not just the, uh, constant politics
because he always has been political, right? But, but the constantly attacking his corporate
overlords, that is the biggest no-no in corporate America. You do not bite the hand that feeds.
And he did. And now the media is like, we can't, we don't understand why they're gloating about
how much money they're saving after he attacked them for eight months.
As I said, I'm just like the dude went on a, you know, cause he found out he was getting gone
and I get it. I mean, you're mad, but he did, he just like went over the top. And then like
towards the end, they were just like throwing furniture off the roof.
Oh yeah. Yeah. It was, it was crazy. I mean, it was like any other company,
they would have terminated you on the spot. It was a, here's your box, Stephen, put your
box or better yet. We'll mail it to you because we don't trust you not to throw the furniture
off the roof. Yeah. Well, they got, they got, they got, they got, what was it?
Letterman Letterman has an axe to grind with them too. Yeah. So it's like, look, um, you do the best
job you can do for the time that you're there, but yeah, if you're taking, I mean, honestly,
that's on them too. If you're taking a paycheck while you're attacking them, simultaneously
attacking them. I mean, that's the, them thing you, they could buy him out. I think he was
hoping they would buy him out because they probably would have, you know, had to show up
millions of dollars to buy him out, but they let him ride. And, uh, he lost the money and now
they're like, well, we've got Byron Allen coming in with his, his, uh, standup comic thing.
And he also bought Buzzfeed. So how, who the hell was, but they were like, it's like, um,
not, they said it was like nonpolitical, just older comedy shows, but you know,
well, the audience for late night TV is old. Let's be real. It's, it's grandma and grandpa
falling asleep in front of the television set. That's who's watching these shows.
And they even said that, you know, in the case of Kimmel, like the desired demographic, you know,
the people with jobs, they're like 25 to 55. Yeah. They're not watching your show.
They're not watching it. It's retirees, unemployed people,
it's being left on at the airport or whatever. I don't know all this ----.
So let's talk about this before we get into any further, please subscribe
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Um, so let's talk about this. Come from the daily beast. I just thought it was funny because I knew
that they were gloating about how much money they were going to save. But the fact that the
daily beast is like, Oh my God, how very dare they, how dare they make, how dare they make a
joke back or make a comment back to him when he's been attacking them nonstop for months.
I know. And they're like, they're mad. Cause he's praising the overtop praise for the replacement.
Well, when they're not losing millions and millions and millions of dollars a year,
they probably are very happy about it. Yeah. And, and reports were saying it
was like 40 to $50 million a year. They're losing on Colbert show. So this is coming
from the daily beast. CBS kicks Colbert with over the top praise for replacement.
The network can't seem to believe how much money it's apparently saving.
Yeah, it is because they said that the, one of the reasons they got rid of him was because
his show was like the worst performing of the late night shows and it was costing them money.
And other ones, you know, are doing just as bad. That's why I'm surprised they gave them extensions.
I, I don't have any words. I mean, I think the reason in Kimmel's case is he's basically
Hollywood's mouthpiece and Disney's going to use him to promote movies and shows.
And so now he's in trouble because he's using his time on the air to promote political candidates
over other ones during his show. And I'm like, dude, that's not your job. You know,
and it was, he wasn't interviewing that, but he's on there doing his monologues,
talking about why you should vote, you know, should not vote for this person or that person
or making fun of them. And I'm like, dude, you know, you are pushing it because he knows he's
going to keep pushing it because he knows he'll get away with it. Well, or they get rid of them.
And then he can cry about, you know, Trump taking the FCC license, which I think they're,
they're hoping for that. But I'm like, if you've got a polarizing comedian or talk show or whatever,
put them on Hulu or Disney plus or whatever the hell is going to be when, when they're done with
um, because you can get away with a lot more. Right. I mean, that's how HBO got away with a
lot with, you know, Bill Maher and stuff. Even back in the day, they got away with a lot more
because he was on cable. He wasn't on broadcast TV. Anyway, CBS celebrated a financial victory
lap one week after ousting beloved late night host, Stephen Colbert, the daily beast words,
not mine, uh, in a statement on Thursday, a spokesperson for the TV network, both praised
the late shows replacement Byron Allen's comics unleashed and burned Colbert relishing the money
they saved by unceremoniously canceling his show. Do you not rule? They gave him a year.
We knew last year he was, they basically just weren't going to renew the contract and as
business as usual. Yeah. Politics probably factored into it somewhat. Cause they're like,
we don't want to get sued and we're not willing to stick our necks out for you, but also
your show is underperforming. It's losing us lots of money. Yeah. We can't keep it on the air.
Right. It doesn't make sense. So this is what they said. So they, they, they stuck it to him
on the way out. We're proud to partner with Byron Allen on a new business and programming model for
late night that proactively addresses a network day part that was cost prohibitive to continue.
CBS said with this time by model, we have shifted an hour that was losing 40 million annually to
15 million in profit, a $55 million swing. So yeah. So apparently it's a lot cheaper to run the,
the old comics statement purported to reaffirm CBS's initial claim. That's cancellation of
Colbert. 62 had been a purely financial decision, continuing the insider report that the network
had been losing 40 million annually on the late show network, never divulged how it calculated
that figure. Um, so yeah, here's, here's, here's the thing. You can be controversial
as long as you're bringing the money to the company. Well, that's what Kimball they're
trying to argue. Even then he had some higher viewership, but like, but back down again,
you know what I mean? Yeah. Um, and that's the thing. He had a little bit of a boost. I think,
I think with Kimmel, they're keeping them around because again, he's a mouthpiece for Disney
to promote their stuff. Right. Uh, but Kimmel said there's not a snowball's chance in hell
that, that, that is anywhere near accurate. It probably is because you have him and how much
he's making, how many employees they're all union in New York, you know, that the pay for like the
sets and all that ----. Yeah, I'm sure it was. CBS announced Colbert's camp, uh, cancellation
just days after the late night host publicly shamed their 16 million, 60 minutes lawsuit
settlement with Donald Trump is a big fat bribe as someone who has always been a proud employee
of the network. I'm offended. And I don't know if anything will ever repair my trust in this
company. Well, when you say stuff like that on the air that they're paying for with advertising
dollars, right. And you're, you're already losing money. I have noticed a pattern in my
many years of working for different companies that the biggest loud mouth or the one who are
usually the ones who are usually not bringing it for the company. And they're the first to go.
And then they're always surprised. Well, as I said, I mean, they were probably already in the
fence anyway. And like, do we cancel this or not? Cause the tradition and it's like, you know,
everybody is expected that we, we pay for it and lose the money. And then when you did that,
they're probably like, you know what? We don't have to do this. Yeah. I would have been the
same way. I would have been like, you know what? As on the fence, we like you. Okay.
But we're losing money. And now you made that comment. So **** you.
Well, shouldn't these outlets be thrilled because they replaced the white guy with a black man.
I know. Right. Look at all the diverse comics that you're going to see from like 20 years
ago or whatever they would be all about this. So yeah, in the statement, CBS equally relished
its new money-making arrangement with Byron Allen 65, who also apparently owns the weather channel
and a bunch of other stations. And he wanted to buy paramount. So this is what was so weird.
He wanted to buy paramount. And so he kind of sorta is cause he's paying them. Uh, he said
under which he purchased the coveted 1135 time slot from the network as part of Alan's time by
deal. The billionaire media mogul covers all production costs associated with his comedy
panel show comics only. So there's no production costs. So damn, I didn't know he paid them to get
the shot. So yeah, they're not, they're not, they're not like paying their, I thought they
paid Alan to get the stuff, but they're not Alan paid them. Yeah. Well, it's a good deal because
that is a good spot. He said in turn, he gains the right to sell the advertising himself.
So he's buying the slot, but then he gets to keep all the advertising.
If they were like making money hand over fist and they were lying about losing money,
why would they, they sell all the advertising money and that time slot for $15 million,
somebody else. Yeah. Because they'd be asking a hell of a lot more asking for a cut of the money.
Like, cause we have to replace our losses. The fact that they're doing this tells me that they
really were losing all kinds of money and it's better for them to just like take the 15 million
and call it a day. And that's actually relatively cheap. Cause you're talking,
you know, a little more than a million dollars a month and you get the late night slot to put in
there, whatever you want. And he just bought or bought into Buzzfeed. So I, you know, this guy is
a billionaire. He's not dumb. Byron Allen is not interesting. I thought they were, that they were
paying him. No, it's up there. He's bought the spot. He bought it. Oh, so yeah. So they, and
for only 15 million, they sold it. They, they were losing. If they, if they were making the money,
then they would not have just sold it for 15 million and they would have kept him on the air
or they would have done something else. They wouldn't have done that. That see,
like they're ahead with that money, they figure. So that tells me that they probably were losing
money. Yeah. So the statement seemed to reveal for the first time that the billionaire media
mogul had purchased the time slot for $50 million, which is dirt ass cheap. Think about how much it
costs to buy a single super bowl ad. And you're buying the late night time slot for a little over
a million dollars a month. And you get the, as long as you bring in more in advertising,
cause a lot of the stuff I think is it's reruns. Is that 15 million for a year? Or is it for a
month? I think it's for the, I think it's for a year. They said Allen had previously. Yeah. Cause
they said for a Colbert, they said it's a $55 million swing. So that means that it was 40
million a year. They were losing. Okay. So yeah. So it's, so it's like a million, 2 million,
whatever a month, a million, one a month. And, and you get that spot. And if you can make $2
million off of that million dollar spot, which you probably can do that. I mean, to CBS has not
to be a lot of money given how much they were spending on Colbert, but if he can make the same
amount of money and his stuff is supposed to be brand safe. That's what he kept stressing
was. It was going to be good, clean fun, which means it's going to be brand safe,
which means he probably has a better chance of attracting advertisers to his standup comic
reruns than they did of attracting advertisers to Colbert because he's, he's so polarizing.
So CBS has self-proclaimed financial victory comes days after the network's late night,
primetime viewership dropped by 85% after Colbert's exit. Uh, whereas the late shows
final over broadcast net, the network 6.7 million viewers. Well, yeah. Why,
why would they stick around if he's gone, if they're watching him?
Well, they came into the last show. Of course they did. Cause they wanted to see me do something
else that was crazy or something, say something stupid or crazy. And that's why they tuned in.
Yeah. And instead he went to this local station, they copyright struck them.
And, uh, then they walked it back. But here's the thing. It might've been a case of like,
uh, as we talked about before, there's lawyers and stuff that work for networks and they just
go and do stuff. And it doesn't mean that the network did it. The lawyers could have done it.
It could have been a case of the lawyers and copyright struck it. And then the network had
the, you know, tell them, no, you can't do that. Yeah. But I just think it's really interesting.
Is this the future of broadcast TV? Is it going to be like pay to play? Like it's not
going to matter anymore. It's like whoever's willing to pay the most gets to be on TV
because ooh boy, because it's not worth anything. Broadcast linear television isn't worth what it
used to be worth. No. So they might just, you know, it's almost like buying an infomercial,
right? I mean, that's what it feels like. It's like, yeah. And then they'll, he'll probably
run like these damn cringy infomercial ads, whoever's willing to pay. But if you can make
more than your million plus a month, it's worth it. And you probably can, but you know, people
aren't tuning in obviously because Colbert is gone. But if you can build that up and just be
like, Hey, I want some non, non-offensive comedy from 2002 old people. And the old people are just
snoozing through it. Anyway, people, anyway, I think for the younger people probably into it
too. Cause they're all getting tired of the, they'll want the old stuff back. They're all
tired of that. You can't say anything because it might offend somebody bull crap. Oh God,
put some unedited George Carlin or Sam Kinison or something like that. Like some of those HBO
comics from the eighties. Oh my God. You think this stuff now is bad. Oh my God. They wouldn't
know what they wouldn't know what to do. Andrew Dice Clay. They wouldn't know what to do. Anyway,
we're going to wrap this up. Please subscribe for more pop culture, news, views, and rants.
We'll talk later. Bye.
