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In a late Sunday night press release, CBS Corporation announced that it has agreed to acquire Australia’s Network Ten for an undisclosed amount. The deal includes the core linear broadcast network TEN, digital terrestrial television channel (DTT) ELEVEN, which CBS already owned a 33 percent stake in, the DTT channel ONE and Network Ten’s rapidly growing digital platform, TENPLAY. The broadcaster is home to the Australian airings of “The Bold and the Beautiful,” which filmed a number of episodes in the country earlier this year to coincide with its 30th anniversary.

With hosts Tina Fey and Amy Poehler, who were around to promote their new movie “Sisters,” last night’s final 2015 episode of “Saturday Night Live” featured a daytime drama wrap up presented by Somebody’s Mom, Deenie (played by Kate McKinnon) during the popular “Weekend Update” segment. Hilarity ensued as Deenie recapped 2015 on CBS’ “The Young and the Restless” with such character descriptions as mustache man, big boobs, sexpot, priss pants, red head, and perfect skin, among others, as a way to describe Genoa City’s most prominent citizens.

As previously reported, the entire cast of the South African based SABC1 soap “Generations,” not to be confused with the American soap with the same name that aired on NBC, were fired following demands of better pay.

Retitled as “Generations: The Legacy,” producers kept their promise of replacing the cast with a new set of actors and stories as the series returned earlier this month with a story that brings the soap two years into the future.

When David Letterman announced his retirement from late night television earlier this year, there were only two things known by year’s end: Letterman would retire in 2015 and he would be succeeded by “The Colbert Report’s” Stephen Colbert. CBS and Worldwide Pants Incorporated, Letterman’s production company, announced today that Letterman will host his final “Late Show” on Wednesday, May 20, 2015.

On the Thursday, December 4 broadcast of Comedy Central’s “The Colbert Report,” host Stephen Colbert covered the ambassadorship of “The Bold and the Beautiful” producer Colleen Bell, wife of head writer and executive producer, Bradley P. Bell, with a hilarious take on the drama surrounding her confirmation following some lively comments from Senator John McCain, who strongly disagreed with President Obama’s choice of Bell for the position. “We’re about to vote on a totally unqualified individual to be ambassador to a nation which is very important to our national security interest. Her qualifications are as a producer of the television soap opera ‘The Bold and The Beautiful,’ contributed 800,000 [dollars] to Obama in the last election and bundled more than $2.1 million for President Obama’s re-election effort,” said McCain on the Senate floor on Tuesday, December 2, just before Bell was confirmed as the U.S. Ambassador to Hungary with a vote of 52-42.

With Craig Ferguson set to step down as host of “The Late Late Show” on Friday, December 19, CBS has announced that following re-runs of the late night talk show, special editions will be produced featuring rotating guest hosts and special after-dark editions of CBS Daytime’s “The Talk” from Monday, January 5 – Friday, March 6, 2015 (12:37-1:37 AM, ET/PT).

“Last Week Tonight with John Oliver” has been entertaining millions of late night talk show fans since debuting earlier this year as an escape from late night talk shows. The premise of the HBO series is that host John Oliver takes a closer look at the happenings of the past week in terms of news, politics and social media, and culls it altogether into one half hour of entertainment that seeks to empower and inform its viewers. In a segment highlighting a “CBS This Morning” report on a device known as the Salmon Cannon, Oliver, who was so in awe of the Salmon Cannon concept, gives viewers insight into the purpose (it helps push the Salmon that typically get caught in hydroelectric dams over said dams) and decided to make his own, which resulted in the flying fish hitting several of television’s biggest stars including “The Young and the Restless'” Sharon Case (Sharon Newman) during a made up “Y&R” scene featuring co-star Joshua Morrow (Nicholas Newman) as the two fight over Sharon’s hidden secrets.

CBS’ late-night legend David Letterman may be hanging up his hat as “The Late Show” host next year, but could he continue on in another capacity within the network? Judging from an audition tape he put together last week for “The Young and the Restless,” he just might land a spot on daytime’s most popular sudser!

Fans of “The Bold and the Beautiful,” “Days of our Lives,” “General Hospital” and “The Young and the Restless” are very vocal online and social media talking about wanting to see more of the veteran characters and actors of their favorite soap after claims that more attention is being given to the new actors and/or characters, but could they handle an entirely new cast of actors and the introduction of new characters all in one fell swoop? That’s what fans of the South African based SABC soap “Generations,” not to be confused with NBC’s “Generations,” will have to get used to. The show has fired its entire cast after they all refused to return to the Johannesburg studio, where the show is filmed, following demands of better pay, reports BBC News.

For the ninth consecutive year CBS’ “The Bold and the Beautiful” received a nomination for the Monte Carlo Television Festival’s International TV Audience Awards, which honors programs that garnered the highest number of viewers worldwide in 2013 across five continents. “B&B” is nominated in the “Telenovela/Soap Opera” category. To coincide with its nomination, the soap has announced the addition of Australian actress Ashleigh Brewer (ex- Kate Ramsay, “Neighbours”) to its cast in the newly created contract role of Ivy Forrester, who is the niece of patriarch Eric Forrester (John McCook).

Stephen Colbert is a news junkie, but he’s also a soap fan as evidenced by numerous skits and jokes he makes in reference to them. The recent sex scandal plaguing Washington, D.C. is no different as the host of Comedy Central’s “The Colbert Report” told the tale of the soap opera that is “General’s Hospital,” referencing the ABC soap “General Hospital” in name and even logo. With a cameo appearance by “All My Children” star Susan Lucci, the skit will likely soon become legen – wait for it – dary, in the words of “How I Met Your Mother’s” Barney Stinson (Neil Patrick Harris).

Capitalizing on ratings momentum, advertising demand and increased revenue potential for entertainment programming in the 11:35 p.m. time slot, ABC today announced a strategic shift in its late-night strategy to better position the network for increased ratings and financial performance over the long term. On Tuesday, January 8, “Jimmy Kimmel Live,” the only late-night broadcast talk show to increase in Total Viewers this past season, will move to 11:35 p.m., putting the show in head-to-head competition with “The Tonight Show with Jay Leno” and “Late Show with David Letterman.” Proven late-night performer “Nightline” will shift to 12:35 a.m., allowing viewers to begin and end their broadcast day with news. The moves are timed to take advantage of the built-in promotional platforms provided by ABC’s “Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest” and ESPN’s Bowl Championship Series, which culminates with the National Championship Game on Monday, January 7. In addition, “Nightline” will expand its programming commitments with a move into primetime, Friday nights at 9:00 p.m. beginning March 1. Given its success and growth, the ABC News series “What Would You Do?” will also find a new home on the schedule.