Letterman recently announced that he would be retiring from late-night TV in 2015. Many are speculating this is just another step in the restructuring of late-night shows. When it came to viewers and ratings, Leno and Letterman were in constant competition. Although their style was clearly different, their perspectives and takes on life were similar. They were in the same age group, and they were targeting the same audience.
CBS announced today that Letterman will be replaced by Stephen Colbert, from the popular “The Colbert Report”.
When Leno first left late-night television, Letterman’s ratings increased. He took Leno’s place among viewers. However, since Jimmy Fallon took Leno’s place in February, Letterman’s ratings have sagged. Fallon’s average number of nightly viewers is 5.2 million, while Letterman’s have dropped from 2.9 million to 2.7 million. Jimmy Kimmel’s ratings have also dropped since February from 2.65 million to 2.5 million.