David Letterman speaks out on CBS replacing Colbert's show, says network doesn't want to 'spend any money'

David Letterman, who hosted "The Late Show" for decades before Stephen Colbert's current iteration, spoke out in a new interview on CBS' decision to replace it, saying the network doesn't want to "spend any money."

The network will lease Colbert's old time slot to Byron Allen's "Comics Unleashed," a comedy talk show.

"The show is a pretty good idea. It's all panel. Nobody's doing any stand-up, except they're seated doing stand-up," he said.

The programming move by CBS is a unique one - and perhaps lucrative - since Allen Media Group is the one footing the bill for airtime, not CBS.

Beyond mere costs or allegedly appeasing Trump, the replacement of Colbert's iteration of "The Late Show" appears to be a sign of the times. The sheer volume of podcasts and other alternatives to the late-night format has weakened their ratings, although the late-night stars all have large online presences.

Fox News Digital reached out to CBS and did not receive an immediate reply.