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Stephen Colbert is OUT at Paramount. Is this punishment for speaking out against President Trump or a sign that late night is dying a slow death?
In this clip from the Average Intelligence Podcast, we break down the real reasons behind Colbert’s contract situation, the financial reality of modern television, and why “highest ratings in late night” might not mean what people think anymore.
We also dive into how South Park—and creators Trey Parker and Matt Stone—have mastered staying relevant by leaning into controversy, satire, and fearlessness.
Could Colbert reinvent himself the same way?
Should he return to the persona that made him famous?
And is late-night TV officially a sinking ship?
This conversation pulls no punches—covering censorship claims, ratings vs. revenue, and what it actually takes to stay relevant in today’s media landscape.
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