CBS announced Stephen Colbert will replace David Letterman on the “Late Show” after he retires next year.
If you’re wondering why Comedy Central isn’t putting up a fight over losing its “Colbert Report” host, there’s a simple explanation: Both networks are owned by parent company Viacom.
Viacom is a global mass media company that also controls MTV, Paramount Pictures, VH1, and BET.
It is the fourth-largest media conglomerate behind The Walt Disney Company, Time Warner, and 21st Century Fox.
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