Colbert will save CBS money over Letterman: Moonves

March 11, 2015 6:56 PM

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Colbert will save CBS money over Letterman: Moonves

CBS is already feeling a little green about Stephen Colbert replacing David Letterman as host of the network's late-night show.

While Letterman doesn't leave until May and Colbert doesn't start until September, CBS CEO Les Moonves told an investor conference in Florida on Wednesday that the network envisions a boost in profits when the transition is complete.

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