1 00:00:00,120 --> 00:00:03,519 Speaker 1: Kevin O'Leary. Now you know this guy, he's mister Wonderful 2 00:00:03,840 --> 00:00:07,840 Speaker 1: from Shark Tank. He was on CNN, he's been on 3 00:00:07,920 --> 00:00:11,440 Speaker 1: CNN a lot lately, and they have this little back 4 00:00:11,480 --> 00:00:15,480 Speaker 1: and forth and he's predicting that CBS will actually fire 5 00:00:15,560 --> 00:00:18,919 Speaker 1: Stephen Colbert before he can finish out his contract. 6 00:00:19,040 --> 00:00:21,439 Speaker 2: But he got fired before Trump said a word. Forty 7 00:00:21,440 --> 00:00:24,960 Speaker 2: six points actually for his firing. Very sential explanation. 8 00:00:25,079 --> 00:00:27,639 Speaker 3: Okay, let me respond to what you said. Trump called 9 00:00:27,640 --> 00:00:29,240 Speaker 3: for his firing last fall. 10 00:00:29,640 --> 00:00:31,920 Speaker 2: Just to be clear, let's talk about what actually happened. 11 00:00:32,200 --> 00:00:36,280 Speaker 2: Forty six point two million dollars in losses on a 12 00:00:36,360 --> 00:00:40,559 Speaker 2: franchise that's forty years old. It's old, it's dead, and 13 00:00:40,640 --> 00:00:44,919 Speaker 2: unfortunately for all of the category, people are geometrically not 14 00:00:45,240 --> 00:00:50,440 Speaker 2: watching late night TV anymore. Here's the problem for Colbert. 15 00:00:50,960 --> 00:00:55,160 Speaker 2: His contract is a payout contract through a transaction where 16 00:00:55,200 --> 00:00:59,760 Speaker 2: there's a change of control. Only a moron would tell 17 00:00:59,800 --> 00:01:03,600 Speaker 2: the president to f off before he gets his check. Okay, 18 00:01:03,720 --> 00:01:05,840 Speaker 2: So what's going to happen now, in my opinion is 19 00:01:05,880 --> 00:01:10,640 Speaker 2: tomorrow CBS, his boss will fire him and they will 20 00:01:10,720 --> 00:01:14,240 Speaker 2: litigate for the next five years his payout fire hostep 21 00:01:16,480 --> 00:01:22,280 Speaker 2: no fire this I want to go to people. 22 00:01:22,360 --> 00:01:25,880 Speaker 1: Never get us all that talking all at the same time. 23 00:01:25,920 --> 00:01:27,000 Speaker 1: That was that was entertaining. 24 00:01:27,200 --> 00:01:29,320 Speaker 3: It is part of a There is no hammer today 25 00:01:29,360 --> 00:01:30,080 Speaker 3: right now. 26 00:01:30,160 --> 00:01:31,720 Speaker 1: He's going to join us at the end of the show. 27 00:01:31,800 --> 00:01:33,759 Speaker 3: Okay, very good, So no next segment, so we can 28 00:01:33,840 --> 00:01:37,000 Speaker 3: run just a little longer. The bigger problem here is 29 00:01:37,560 --> 00:01:44,559 Speaker 3: that mainstream media and I remember this conversation twenty years 30 00:01:44,600 --> 00:01:48,160 Speaker 3: ago when HD radio became a thing and it was 31 00:01:48,200 --> 00:01:52,720 Speaker 3: battling satellite radio in the time, and I remember that 32 00:01:52,920 --> 00:01:56,600 Speaker 3: the industry had the HD technology way before satellite became 33 00:01:56,640 --> 00:01:58,600 Speaker 3: a thing, and they sat on it and fought with 34 00:01:58,680 --> 00:02:01,960 Speaker 3: each other for a long time on how to dole 35 00:02:02,000 --> 00:02:04,880 Speaker 3: it out, who got the frequencies, how to do that, 36 00:02:05,000 --> 00:02:06,720 Speaker 3: and so that came along and took it from them. 37 00:02:06,760 --> 00:02:10,120 Speaker 3: What could have been theirs went to satellite radio. And 38 00:02:10,280 --> 00:02:14,720 Speaker 3: this is just the continuation of this where mainstream media 39 00:02:15,160 --> 00:02:19,960 Speaker 3: operates in some dinosaur like fashion where they're not nimble, 40 00:02:20,000 --> 00:02:23,720 Speaker 3: they're not able to keep up, they're not capable, and 41 00:02:23,760 --> 00:02:30,280 Speaker 3: thus they're just getting they're just getting replaced. He's right, 42 00:02:30,280 --> 00:02:33,760 Speaker 3: they don't need this anymore. You've got to give the 43 00:02:33,800 --> 00:02:36,840 Speaker 3: people what they want, you've got to meet them where 44 00:02:37,400 --> 00:02:40,000 Speaker 3: they are. Why do people listen to this radio show 45 00:02:40,000 --> 00:02:44,520 Speaker 3: every day? We say things, and we talk about things, 46 00:02:44,680 --> 00:02:47,760 Speaker 3: and we challenge people the way they're not going to be. 47 00:02:48,560 --> 00:02:51,120 Speaker 3: They're not going to hear it anywhere else. You have 48 00:02:51,200 --> 00:02:56,000 Speaker 3: to give people something they can't get anywhere else, and 49 00:02:56,080 --> 00:02:58,840 Speaker 3: Late Night Talk is simply not doing anything that remotely 50 00:02:58,880 --> 00:02:59,560 Speaker 3: resembles that