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The Colbert Report was satire aimed at people who knew something about the world or were willing to learn.
The Late Show with Stephen Colbert is aimed at adumber general audience who are watching because it's CBS, goes 60 minutes instead of 30 minutes, and 5 nights a week instead of 4. It's gotten better since he abandoned the "I'm for everyone now!", pre-Trump act and brought back the politics, but you don't need to watch most of it.
The Late Show with Stephen Colbert is aimed at a