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I watched the first 2 episodes, and could tell it was doomed from jump. Sucks but it was just a bad formula, and way too dry for its own good. Wilmore can be funny, but he just came off as kinda lame as a host. Way too many 'I'm black so I can say this and you can't' jokes. Plus, taking Real Time w/Bill Maher's 'panel' concept, and shoving it into a 22 minute show with commercials is the exact wrong way to do it.
Even on HBO, an hour long format without ads isn't long enough IMO, when you only dedicate 15 minutes to that segment. For Wilmore's show, they can't even cuss as much, and it's only a few minutes of people talking over each other, all desperately trying to get that ONE line in that ... trends I guess. Or gets an applause. It's not entertaining, just painful to sit through.
Colbert had the perfect formula for a 22 minute show. No correspondents. No panel. Just him, and one guest at the end. That's the best way to get the most out of the time slot. Then you just have to get a great host, that brings something unique to the table, whatever the commentary.
Sorry it failed, but glad it did in a way too. The format just simply wasn't good enough. Wonder what they will replace it with?