The news lost its way - it became extreme, elitist, and performative. People like Colbert and others act like they're the IP [intellectual property], the value, when it's the brand and journalism that matter. We need to get back to fundamentals. That's what David and his team believe.

As Stephen Colbert prepares to bid farewell to 'The Late Show,' he's already booked a gig on the CBS drama 'Elsbeth,' where he'll play a late-night host.