CBS Shifts Late-Night Strategy: Byron Allen to Replace Stephen Colbert
The landscape of late-night television is undergoing a significant shift as CBS prepares to bid farewell to a modern institution. The network has officially announced that “Comics Unleashed with Byron Allen” will move into the 11:35 p.m. Slot following the conclusion of “The Late Reveal with Stephen Colbert.”
This transition marks a departure from the traditional network-produced late-night talk show model, signaling a new financial approach for CBS and its parent company, Paramount.
The New Late-Night Schedule
The transition will take place in May 2026. “The Late Show with Stephen Colbert” will air its final episode on Thursday, May 21. Starting the following night, May 22, CBS will implement a new comedy-centric block produced by Byron Allen and the Allen Media Group.
The updated nightly lineup for Monday through Friday will be as follows:
- 11:35 p.m.: Back-to-back, half-hour episodes of “Comics Unleashed with Byron Allen.”
- 12:37 a.m.: Back-to-back episodes of the comedy game show “Funny You Should Ask,” hosted by Jon Kelley.
What is “Comics Unleashed”?
Unlike the monologue-and-interview format of “The Late Show,” “Comics Unleashed” is a comedy talk show that first premiered in syndication in 2006. The program features a rotating panel of comedians performing their stand-up material. While Colbert was known for pointed political commentary, Byron Allen has indicated a preference for comedians to bring non-political material to the show.
The Business Behind the Move: The “Time Buy” Deal
The most striking aspect of this transition is the financial structure of the agreement. According to Variety, CBS has opted to turn the 11:35 p.m. Slot into a “time buy.” In this arrangement, Byron Allen pays CBS to air his programming through the 2026-2027 TV season.
This decision follows the cancellation of “The Late Show” in July. Paramount described the move as a “purely financial decision” driven by a “challenging backdrop in late night.” The company explicitly stated that the cancellation was not related to the show’s content, performance, or other internal matters at Paramount.
CBS’s Long-Term Vision for Late Night
While the current deal with Byron Allen provides “immediate profitability,” it does not signal the end of original late-night development at CBS. The network has indicated it still intends to develop new, original late-night concepts in the future, even as it utilizes the Allen Media Group partnership to fill the current void left by Colbert.
Key Takeaways: CBS Late-Night Transition
- Colbert’s Final Date: May 21, 2026.
- New Start Date: May 22, 2026.
- New Lead Show: “Comics Unleashed with Byron Allen” (11:35 p.m.).
- Secondary Show: “Funny You Should Ask” (12:37 a.m.).
- Financial Model: A “time buy” agreement where Allen Media Group pays for the airtime.
- Strategic Shift: Move toward immediate profitability while the network develops future original concepts.
Frequently Asked Questions
Why was “The Late Show with Stephen Colbert” canceled?
Paramount cited financial pressures and a challenging economic environment for late-night television. They emphasized that the decision was financial and not based on the show’s performance or content.

Who is Byron Allen?
Byron Allen is a comedian and the founder and CEO of Allen Media Group. He created “Comics Unleashed” 20 years ago to provide a platform for fellow comedians.
Will there still be political humor on CBS late night?
The new lead program, “Comics Unleashed,” is expected to pivot away from the political focus of the Colbert era, as Allen has expressed a desire for non-political material.