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I heard on an NPR show last week that well over 80% of the viewing audience does not even know there is a strike. I think that TV watching is such a habit that folks will tune in regardless of the quality of the program. They are just fine with game shows and reality programming. This does not bode well for the future of scripted or quality programming in the future.
For me the apex of Mr Colbert was the press dinner speech. Nothing he has done or will do will match that. John Stewart's problems are his increasing recognition of his own importance and his inability not to be the "nice polite guy" when facing someone truly reprehensible.