CBS Says Late-Night Deal With Byron Allen Will Generate $15 Million in Profit
CBS has announced a new late-night deal with Byron Allen that is projected to generate $15 million in profit. This move comes after the cancellation of Stephen Colbert's long-running 'Late Show,' which was losing approximately $40 million annually. The network aims to shift its late-night programming strategy to improve profitability while facing criticism over the cancellation decision.
- ▪CBS's partnership with Byron Allen is expected to turn a $40 million loss into a $15 million profit.
- ▪The decision to cancel Stephen Colbert's 'Late Show' has drawn significant criticism from industry insiders and former hosts.
- ▪Allen's new show, 'Comics Unleashed,' debuted to lower ratings compared to Colbert's finale, which attracted over 6.7 million viewers.
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Home TV News May 28, 2026 5:25pm PT CBS Says Late-Night Deal With Byron Allen Will Generate $15 Million in Profit By Brian Steinberg Plus Icon Brian Steinberg Senior TV Editor bristei Latest Cecilia Vega, Fired From ‘60 Minutes,’ Says She Fears ‘For The Future of the Legendary Broadcast’ 2 hours ago Nick Bilton, New ‘60 Minutes’ Boss, Wants Newsmagazine to Stick on Digital, Mobile Screens 3 hours ago CNN Plans New Anderson Cooper-Andy Cohen Event for ‘Independence Eve Live’ 5 hours ago See All Allen Media Group How to make big, well, some bucks in late night? According to CBS, the trick is to cancel your traditional show and lease the time to someone else.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Variety.
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