David Letterman, CBS and Late Show
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While ratings for Colbert's show have declined over the last decade, the program has consistently achieved the highest views of any show in the 11:35 p.m. hour, outdrawing ABC's "Jimmy Kimmel Live" and NBC's "The Tonight Show Starring Jimmy Fallon," according to Nielsen.
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Fox News host Greg Gutfeld is the ratings king of late night with 3.1 million average viewers, despite what Stephen Colbert may be telling his audience.
The Federal Communications Commission approved the sale of Paramount Global after the buyer made pledges to showcase a diversity of viewpoints and root out alleged bias in CBS' news coverage.
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The comedian-centered panel series, which will be hosted and executive produced by Byron Allen, will return for Season 20.