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8. Byron Allen: the billionaire mogul replacing Stephen Colbert's 'Late Show' on CBS
Thu May 28, 2026, 12:42 PM
Thursday
https://www.yahoo.com/entertainment/tv/articles/byron-allen-billionaire-mogul-replacing-191158873.html



CBS needed a replacement after controversially canceling “The Late Show” hosted by Stephen Colbert and found a longstanding media name to fill the gap: Byron Allen, a billionaire industry mainstay whose “Comics Unleashed” panel comedy show ran in syndication from 2006 to 2016 and is now running in place of “The Late Show.” But unlike Colbert, Allen, who began his career in standup, has vowed to shy away from political humor.

Comedy roots

Allen, 65, was born in Detroit and eventually moved to Los Angeles with his mother. At a young age, he had an obsession with “The Tonight Show Starring Johnny Carson” and at 18 became “one of the youngest comedians to perform stand-up on Carson’s show, making his debut on May 17, 1979, a week before graduating high school,” said CNN.

He eventually transitioned from the stage to a behind-the-scenes role and soon “developed a business model that would define his career: producing reality shows and selling them directly to local stations,” said CNN. Allen founded his eponymous company, Allen Media Group, in 1993 and currently “owns over a dozen ABC, CBS and NBC network-affiliate broadcast television stations around the country, 10 24-hour HD television networks and multiple digital streaming platforms,” said USA Today. He also owns The Weather Channel and recently “acquired a ‘majority stake’ in BuzzFeed.”

'I’m not trying to replace him’

When it was announced in July 2025 that Colbert‘s show would be ending, Allen originally “urged CBS to ‘not put on another show’ if it went through with canceling the cancellation,” instead offering to buy the block of time, said NBC News. Allen’s “Comics Unleashed” ran in syndication from 2006 to 2016 before being slotted in to take over “The Late Show.” Under his deal with CBS, Allen “leases the hour and sells the advertising inventory himself.” In another departure, Allen’s “Comics Unleashed” focuses “strictly on comedy and roundtable storytelling with no political content,” said NJ.com. Colbert was known for his humor revolving around President Donald Trump (many feel his cancellation was politically motivated, an accusation CBS denies). “I’m not trying to replace Colbert. I don’t think anybody can replace Colbert. I think he’s phenomenal,” Allen said to The Guardian.

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