The state of late-night TV is keeping media executives from sleeping well.
CBS’ decision to cut ties with Stephen Colbert and its decades-old “Late Show” franchise come next May will leave a major hole in the format — but one that has been widening. TV networks have been cutting costs at their late-night mainstays for the past few years. NBC in 2021 cut ties with Lilly Singh, a young comic who was the latest personality to host an original hour of comedy and talk at 1:30 a.m., and then decided to stop producing new content for the time slot. The network also took the live band from Seth Meyers
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