Apr 15, 2026 1:28pm PT

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

Michael Schneider

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Michael Schneider

Variety Editor at Large

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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.”

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