CBS Projects $15 Million Profit from Byron Allen Late-Night Deal

CBS announced that its new deal to lease late-night programming time to Byron Allen, replacing its traditional show, is expected to generate $15 million in profit. The network had previously faced criticism for ousting its previous late-night programming.

29 May, 00:21 — 29 May, 00:25

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Why this matters

This move signifies a shift in CBS's late-night strategy, moving away from self-produced content to a more cost-effective leasing model. It highlights the financial pressures and evolving business models within broadcast television, particularly in the competitive late-night landscape.

Key entitiesCBS Byron Allen Paramount Skydance Comics Unleashed

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varietyMostly Factual91d ago

CBS Says Late-Night Deal With Byron Allen Will Generate $15 Million in Profit

How to make big, well, some bucks in late night? According to CBS, the trick is to cancel your traditional show and lease the time to someone else. The Paramount Skydance broadcast outlet, which has been grilled for weeks over its decision to oust Stephen Colbert and cancel its long-running “Late Show,” says the move […]

By Brian Steinberg

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hollywood-reporterMostly Factual91d ago