"They don't want to spend any money. So they're going to make money. They charge Byron Allen some reasonable price. He sells all the advertising for his Comics Unleashed."
"Why would you spend $35 million on a television show at that hour? Let me provide you the show, and I will happily produce the show, and you can save that 35, 40 million, whatever it is, and put it elsewhere."
"The Colbert replacement has had a long, successful history in syndication, making it a safe and profitable choice for CBS."
Byron Allen's Comics Unleashed will replace The Late Show With Stephen Colbert on CBS, allowing the network to save production costs. Allen funds and produces the show, paying CBS for the time slot while selling advertising. Letterman noted that CBS prefers this arrangement to avoid spending large sums on new programming. Comics Unleashed has a successful history in syndication, having originally aired from 2006 to 2016, and returned after a seven-year hiatus to fill the time slot vacated by James Corden.
Read at Vulture
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