The Prof G Pod with Scott Galloway

Podbit · The Prof G Pod with Scott Galloway

Is an MBA Still Worth It? and the Future of Legacy Media

Explore episode Jul 15, 2026

Where this was said

Q2: Late Night TV Is Dying — Is That Bad for America?

At 12:08 · chapter starts 7:10

The second question comes from a self-described 20-year-old who still watches Jimmy Kimmel and NBC News every night on YouTube — a demographic so rare that Galloway compares them to a deep-sea creature thought to be extinct. The cultural argument is acknowledged: Galloway praises Colbert, Kimmel, and Meyers as genuinely gifted performers. But the economic reality is damning. Viewership is down 90% since Johnny Carson. Combined ad revenue fell from $439M in 2018 to $220M in 2024 — halved in six years. The Late Show with Stephen Colbert ran $60M in revenue against $100M in costs, employing 200 people — a structure that makes cancellation almost inevitable. Galloway's prediction: Colbert starts a podcast, employs six people, generates $20M in revenue against $4–5M in costs, and makes the same money or more. Conan O'Brien's trajectory — from under 1M nightly TV viewers to 9M YouTube subscribers — is the proof of concept. The segment closes with Galloway's broader thesis: podcasts are television shows that arbitrage the means of production, delivering 80% of TV quality at 5% of the cost. And politically, the medium now wields so much influence that any presidential candidate will appear within 48–72 hours of being called.

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