Jon Stewart delivered a 10-minute critique of CBS for canceling the Late Show with Stephen Colbert. Stewart expressed pride in Colbert's success, mentioning his rise to the top of late-night television. He highlighted the financial struggles of the late-night model but questioned CBS's decision not to attempt to save a successful franchise that had been running for over three decades. He drew parallels to the music industry, critiquing CBS for not adapting to industry changes.
"Watching Stephen exceed all expectations in the role and become the No. 1 late-night show on network television has become an undeniable great pleasure for me as a viewer and as his friend."
"And now Stephen has been canceled for purely financial reasons. And by the way, not just Stephen's show - CBS has canceled the entirety of Late Show franchise."
"We are all basically operating a Blockbuster kiosk inside a Tower Records. But when your industry is faced with changes, you don't just call it a day."
"When CDs stopped selling, they didn't just go, 'Oh well, music, it's been a good run!"
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