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Good news for Comedy Central and fans of great satire and political comedy: Jon Stewart and Stpehen Colbert have signed new contracts that will keep them at the basic cable channel through 2013 and 2012, respectively.

Here's the release:

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Bad news for TBS and Conan O'Brien, who starts a show on that basic cable channel in November. O'Brien's going to be head-to-head with Stewart and Colbert for many years to come -- if he does better at TBS than he did at NBC and has any kind of run.

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