The Stage · 2026-04-06 17:27:02 · Variety
CBS is fundamentally changing its late-night strategy, opting to sell its flagship 11:35 p.m. timeslot rather than produce a new in-house show. With Stephen Colbert's 'The Late Show' ending its run in May, the network has sealed a deal with media mogul Byron Allen to lease the entire post-local news hour. This arrangem...
The Stage · 2026-04-13 21:52:36 · Variety
David Letterman has publicly criticized CBS's decision to end the storied 'The Late Show' franchise after 33 years, bluntly attributing the move to a desire to cut costs. 'They don't wanna spend any money,' Letterman stated, framing the network's pivot not as a creative evolution but as a financial calculation. This ma...
The Stage · 2026-04-15 20:52:52 · Variety
CBS has canceled Stephen Colbert's late-night show, abruptly ending a major franchise to pursue a new, profit-first strategy. The network's leadership has signaled a fundamental shift, prioritizing immediate financial returns over traditional, high-cost talent-driven programming. This move sidelines a prominent host an...
The Vault · 2026-05-11 23:18:22 · Deadline
Byron Allen's family office has reached a definitive agreement to acquire a controlling interest in struggling digital media company BuzzFeed, a deal valued at $120 million that will place the media mogul directly at the company's helm. Allen Family Digital, an affiliate of Allen's private family office, will acquire t...
The Vault · 2026-05-14 01:18:20 · Puck News
Byron Allen, the comedian who successfully transitioned into a media entrepreneur, has acquired a majority stake in BuzzFeed, effectively rescuing the once-dominant viral content platform from bankruptcy. The deal represents a dramatic reversal of fortune for a company that built its empire on listicles, quizzes, and s...