America's most-watched network announced Thursday that it had picked Colbert, the 49-year-old host of Comedy Central's news sendup "The Colbert Report," as the next host of "Late Show." Details of the show, including a start date and its location, have not been revealed. But CBS and Colbert confirmed that he will do the show as himself — and not in his current character, a bumptious right-wing talk host.
Colbert's show is the least-watched of the major late-night talk hosts, but CBS rushed to pluck him from cable because of his proven appeal with young people. He's a hit on college campuses, has fronted several bestselling books and — maybe most important as he squares off against the Web-savvy Fallon, who is 39 — his clips do heavy traffic online.
"One name stood out above the rest, and that was Stephen," CBS Entertainment Chairman Nina Tassler said in a phone interview, adding that the network had had some preliminary discussions with Colbert after Letterman extended his deal for two years in 2013. Indeed, Letterman himself — who has booked Colbert as a guest 12 times on "Late Show" — gave his blessing to Colbert's selection before it was announced, Tassler added.
But the speed of the deal surprised nearly everyone, not least the top Comedy Central executives whom Colbert told on Wednesday.
The CBS choice does not come without risk. The oldest-skewing network is making a generational hedge. Colbert is a baby boomer, albeit among the very youngest of them; his main rivals, Fallon and ABC's Jimmy Kimmel, belong to Generation X.
In contrast to the typical broadcaster who strives to appeal to as wide an audience as possible, Colbert's act has irked partisans on both sides of the aisle. Conservatives annoyed by his frequent tweaking of right-wing talking points are already ruffled that CBS picked him, with radio's Rush Limbaugh telling listeners Thursday that CBS had "declared war on the heartland."
Fox News host Bill O'Reilly — widely considered the inspiration for Colbert's Comedy Central show character — earlier this week attacked Colbert as a left-wing "deceiver." But liberals aren't always happy with him, either; a tweeted joke about Asian American stereotypes from a segment lampooning racial insensitivity wasn't appreciated by critics who launched an unsuccessful bid to get his show dumped earlier this year.
More important, there is the sense that the wee hours are just getting too crowded with sofas and microphones. The format may need some shaking up, in ways as yet undefined. Tassler said that CBS has yet to decide on a new executive producer for "Late Show," who along with the host and head writer will be the key parties responsible for creative direction.
"Late-night TV is just not what it was in terms of the audience," said David Bianculli, professor at Rowan University and editor of TVWorthWatching.com. "The more that Colbert makes it a traditional show, the less I think he's going to have an audience."
Colbert's pick is likely not the best news for ABC's Kimmel, who was promoted last year to the 11:35 p.m. slot but has already struggled for attention as Fallon took over the top-rated "Tonight." Also left in the lurch is Craig Ferguson, the offbeat, Scottish-born comic who occupies the post-Letterman slot at CBS but didn't get the nod for "Late Show." Both Kimmel and Ferguson congratulated Colbert in tweets on Thursday.
Colbert's exit leaves a hole in Comedy Central's nightly lineup, but Jon Stewart — a Colbert mentor who will remain in his "Daily Show" chair — voiced support for his move to a broader audience. "He's got gears he hasn't even shown people yet," Stewart told the entertainment news website Vulture.
In picking Colbert, CBS was in a sense staying within its corporate roots. Comedy Central is a unit of Viacom, which until 2005 controlled CBS (the network and selected other assets were spun off as an independent unit then). Both CBS and Viacom are overseen by 90-year-old mogul Sumner Redstone.
But the broadcast home of such fare as "NCIS" and "60 Minutes" had to look outside its own studios for proven talent. It does not have a farm team for late-night hosts, as NBC has with its sketch show "Saturday Night Live." Both Fallon and the host who now follows him, Seth Meyers, hail from "SNL."
"He was the best guy available for CBS," said Brad Adgate, analyst for ad firm Horizon Media. Colbert also has a comfort level with Madison Avenue. That's a key concern for CBS, whose revenue depends on selling commercial time. During this year's Super Bowl, Colbert premiered a campaign for Wonderful Pistachios, proving his mettle as a pitchman.