CBS Defends Byron Allen Time Buy, Discloses'The Late Show' Loss - Deadline
CBS has officially disclosed that 'The Late Show with Stephen Colbert' operated at a $40 million annual loss, while defending its decision to lease the 11:30 PM time slot to Byron Allen for his show 'Comics Unleashed.' The network is receiving a flat $15 million annual fee from Allen, who is responsible for his own ad sales.
Why it matters
This disclosure provides rare transparency into the struggling economics of traditional late-night television and highlights a shift toward 'time buy' business models to mitigate network losses.
CBS Defends Byron Allen Time Buy, Discloses'The Late Show' Loss
The article reports financial figures and corporate statements neutrally without injecting editorial opinion.
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