By DAVID BAUDER
CBS says its determination to finish Stephen Colbert’s late-night comedy present is monetary, not political. But even with the ample skepticism about that rationalization, there’s no denying the economics weren’t working in Colbert’s favor.
The community’s bombshell announcement late Thursday that the “Late Present” will finish subsequent Could takes away President Donald Trump’s most distinguished TV critic and the most well-liked leisure program in its style.
The tv trade’s declining financial well being means related arduous calls are already being made with personalities and programming, with others to be confronted sooner or later. For the late-night style, there are distinctive components to contemplate.
As lately as 2018, broadcast networks took in an estimated $439 million in promoting income for its late-night packages, in response to the promoting agency Pointers. Final 12 months, that quantity dwindled to $220 million.
As soon as a draw for younger males, now they’ve turned away
Late-night TV was a selected draw for younger males, thought of the hardest-to-get and most useful demographic for advertisers. More and more, these viewers are turning to streaming providers, both to look at one thing else solely or catch highlights of the late-night reveals, that are harder for the networks to monetize.
Extra broadly, the much-predicted takeover of viewers by streaming providers is coming to go. The Nielsen firm reported that over the last two months, for the primary time ever, extra folks consumed programming on providers like YouTube and Netflix than on ABC, CBS and NBC or any cable community.
Networks and streamers spent roughly $70 billion on leisure reveals and $30 billion for sports activities rights final 12 months, stated Brian Wieser, CEO of Madison & Wall, an promoting marketing consultant and knowledge providers agency. Reside sports activities is probably the most reliable magnet for viewers and prices for its rights are anticipated to extend 8% a 12 months over the subsequent decade. With tv viewership declining normally, it’s clear the place financial savings must come from.
Wieser stated he doesn’t know whether or not Colbert’s present is worthwhile or not for CBS and mother or father firm Paramount World, however he is aware of the path by which it’s headed. “The economics of tv are weak,” he stated.
In a press release asserting the cancellation, George Cheeks, Paramount World’s president and chief government officer, stated that “That is purely a monetary determination in opposition to a difficult backdrop in late evening. It’s not associated in any technique to the present’s efficiency, content material or different issues taking place at Paramount.”
Cheeks’ drawback is that not everybody believes him.
Colbert is a relentless critic of Trump, and earlier this week pointedly criticized Paramount’s determination to settle Trump’s lawsuit in opposition to CBS over a “60 Minutes” interview with Kamala Harris. He known as Paramount’s $16 million cost to Trump a “massive fats bribe,” for the reason that firm is in search of the administration’s approval of its merger with Skydance Media.
On Friday, the Writers Guild of America known as for an investigation by New York’s legal professional normal into whether or not Colbert’s cancellation is itself a bribe, “sacrificing free speech to curry favor with the Trump administration as the corporate appears for merger approval.”
CBS’ determination made this a pivotal week for the way forward for tv and radio programming. Congress stripped federal funding for PBS and NPR, threatening the way forward for reveals on these shops.
Journey Gunderson, government director of the Nationwide Comedy Heart, known as the choice to finish Colbert’s present the tip of an period.
“Late-night tv has traditionally been considered one of comedy’s most audience-accessible platforms — a spot the place commentary meets group, evening after evening,” Gunderson stated. “This isn’t simply the tip of a present. It’s the quiet elimination of one of many few remaining platforms for each day comedic commentary.
Trump celebrates Colbert’s demise
Trump, who has known as up to now for CBS to terminate Colbert’s contract, celebrated the present’s upcoming demise. “I completely love that Colbert acquired fired,” the president wrote on Fact Social. “His expertise was even lower than his scores.”
Some consultants questioned whether or not CBS might have explored different methods to save cash on Colbert. NBC, for instance, has minimize prices by eliminating the band on Seth Meyers’ late-night present and curbing Jimmy Fallon’s “Tonight” present to 4 nights per week.
Might CBS have saved more cash by slicing off the present instantly, as an alternative of letting it run till subsequent Could, which units up a clumsy “lame duck” interval? Then once more, Colbert will hold working till his contract runs out; CBS would have needed to hold paying him anyway.
CBS lately cancelled the “After Midnight” present that ran after Colbert. However the community had signaled earlier this 12 months that it was ready to proceed that present till host Taylor Tomlinson determined that she needed to depart, famous Invoice Carter, creator of “The Late Shift.”
“It’s a very unhappy day for CBS that they’re getting out of the late-night race,” Andy Cohen, host of Bravo’s “Watch What Occurs Reside,” instructed The Related Press. “I imply, they’re turning off the lights after the information.”
Colbert, if he needed to proceed previous subsequent Could, would seemingly be capable of discover a streaming service keen to pay him, Wieser stated. However the way forward for late-night comedy on the leisure networks is genuinely in danger. Trump, in truth, might outlast his fiercest comedian critics. Jon Stewart, as soon as a weeknight fixture, works one evening per week at “The Day by day Present” for Paramount’s Comedy Central, a community that seldom produces a lot unique programming any extra.
ABC’s Jimmy Kimmel, who was chided on social media by Trump on Friday — “I hear Jimmy Kimmel is subsequent” — has a contract that additionally runs out subsequent 12 months. Kimmel, 57, overtly questioned in a Selection interview earlier than signing his newest three-year contract extension how lengthy he needed to do it. He’s hosted his present since 2003.
“I’ve moments the place I am going, I can’t do that anymore,” Kimmel instructed Selection in 2022. “And I’ve moments the place I am going, what am I gonna do with my life if I’m not doing this anymore?’ It’s a really difficult factor … I’m not going to do that ceaselessly.”
Colbert, Kimmel and Stewart had been all nominated for Emmy awards this week.
AP journalist Liam McEwan in Los Angeles contributed to this report. David Bauder writes concerning the intersection of media and leisure for the AP. Observe him at http://x.com/dbauder and https://bsky.app/profile/dbauder.bsky.social.
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