Moonves: Colbert Is a `Great Get' for CBS

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May 15 (Bloomberg) -- CBS Corp. President and CEO Les Moonves discusses Stephen Colbert replacing David Letterman as late-night talk show host. He speaks on Bloomberg Television's "Street Smart." (Source: Bloomberg)

With stephen colbert.

No question.

We love david letterman and he has been the best for a generation.

There was a time when he said it was time to do something else.

We have been thinking about this for a few years.

When was david going to leave?

What should we do?

This is not a pilot you pick up.

This is a generational decision.

We were very fortunate that david announced his retirement and stephen's contract was running out elsewhere.

We were able to get him.

We were extremely excited.

His show, the colbert or fax report has him playing a conservative blowhard.

It was a caricature.

It was not the real stephen colbert.

On the show, he will be himself.

That the not concern me one iota.

Jon stewart, who was stephen's mentor, said it well.

Stephen colbert has done a successful well -- a successful show very well.

And he did it in the confines of his character.

He pulled it off.

He's funny and smart and topical.

I am really excited.

Iteris told howard stern that you offered him the job first.

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