CBS Says It Will Develop New Late Night Concepts After Axing Stephen Colbert, but ‘Immediate Profitability’ Is the Focus With New Byron Allen Deal

By Michael Schneider

Michael Schneider

Variety Editor at Large

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• CBS Says It Will Develop New Late Night Concepts After Axing Stephen Colbert, but ‘Immediate Profitability’ Is the Focus With New Byron Allen Deal 32 minutes ago
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Paramount TV Media chairman George Cheeks says late night is still a work in progress at the network. The Eye did a one-year deal with Byron Allen to air his “Comics Unleashed” at 11:35 p.m. as a time buy, allowing the network “to go into immediate profitability in that in that slot,” which he said “made a lot of sense for us right now. Byron’s been a great partner to us at 1230 so we feel confident he’ll continue to be a great partner for us at 11:30 as well.”

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