On April 3 David Letterman announced that he would be retiring sometime in 2015. Letterman has been the driving force behind the “Late Show With David Letterman” for 21 years. CBS Corporation (CBS) has announced that Comedy Central’s Stephen Colbert will be next in line to host the long-running, late-night show. The financial terms of Colbert's five-year contract have not yet been revealed.
What this means for CBS is unclear. Fresh competition from younger late-night hosts like Jimmy Fallon, Jimmy Kimmel and Seth Meyers has hurt Letterman's numbers. Both the Tonight Show and Jimmy Kimmel have outperformed Late Show in the 18-49 age demographic in 2014.
Stephen Colbert’s “The Colbert Report” has earned two Peabody Awards and 27 Emmy nominations.
"Stephen Colbert is one of the most inventive and respected forces on television," said CBS chief executive Leslie Moonves in a press release.
CBS’s entertainment segment made up 57% of its $15.28 billion 2013 revenue.
The Daily Ticker asked New Yorkers what they thought of CBS’s big change up…will they be watching when Colbert takes his seat at the fabled Ed Sullivan theatre? Watch the video above to see what YOU had to say!
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