‘Late Show’ Writer: ‘Profit and Loss Reports Don’t Account for in a Lot of Ways’ Colbert’s Show Bring Value to Paramount

EXCERPT:

WHEELER: “No, I don’t and I don’t for a couple reasons. I mean, first, this show has not taken any of the steps that other late night shows have taken to cut costs to stay on the air. And also, you know, profit and loss reports don’t account for a lot of ways in which a show like ‘The Late Show with Stephen Colbert’ brings value to CBS and to Paramount. ‘The Late Show’ was referenced in almost every quarterly Paramount investor call that we could find.”