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The news that Stephen Colbert will be replacing Letterman on Late Show will create more competition in the Millennialization of late night.

The news that Stephen Colbert will be replacing Letterman on Late Show will create more competition in the Millennialization of late night. But it also presents a hard-to-fill opening at Comedy Central: whoever replaces Colbert will need to appeal strongly to their 18-34-year-old viewers. (Wall Street Journal)

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