• yahoo, Friday, November 4, 2005 11:15 AM

For its competitors in the late-night arena, it's no laughing matter, but Comedy Central seems to have found another hit show for the insomniac crowd. The basic cable channel has given the recently launched "The Colbert Report" a full-year order. In less than a month's time, the "Report," hosted by Steve Colbert, has demonstrated an ability to retain nearly 90 percent of the audience from "The Daily Show," the program that precedes it and from which it was spun off. Steve Colbert's pompous, sometimes fanciful, anchorman character--modeled, he acknowledges on Fox's Bill O'Reilly, among others--has struck a chord with Comedy Central viewers. The good news is especially welcomed by John Stewart, host of "The Daily Show," because "The Colbert Report" is produced by his Busboy Productions.

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