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Story summary
- Byron Allen will take over Stephen Colbert's late-night CBS slot, starting May 22, 2026.
- David Letterman noted CBS's decision is financially driven, as the network aims to profit without investing heavily in new programming.
- Allen said he paid tens of millions for the time slot and will sell advertising directly.
- Colbert's final episode will air on May 21, 2026, marking the end of a successful run for the acclaimed host.
