Step Aside, Jay, There’s a New Ratings Leader in Late Night

Since 2000, NBC's Tonight Show and host Jay Leno have consistently topped the ratings every quarter. (That's 40 quarters in a row — just saying.) And while still beating out the competition in overall viewership, focusing on the all-important 18 to 49 age demographic shows The Daily Show With Jon Stewart narrowly pushing into the lead. (In fairness, Stewart had just 3,000 more viewers in that bracket than Leno.) Still, this likely marks the end of a ten-year streak for The Tonight Show, which will struggle to regain top spot as we enter

presidential campaign season, when Stewart and former protégé Stephen Colbert are at their satirical best. And let's not forget that now Colbert has all that Viacom money at his back, thanks to his recently approved Super PAC — actually called "Americans for a Better Tomorrow, Tomorrow." Sorry, Jay.

U2's Bono, Stephen Colbert Attend Judy McGrath Farewell Party

"You're gonna fly your freak flags forever," the ousted MTV exec tells a crowd of colleagues and friends.

Former MTV Networks chairman and CEO Judy McGrath bid adieu to 30 years with the company in style.

A star-studded crowd of about 50 that included Stephen Colbert and U2's Bono and The Edge gathered to see McGrath off at an impromptu party following the announcement of her resignation on Thursday.

According to the NY Post's Page Six, the beloved exec showed up wearing a laminate around her neck that read "Backstage for Life" and told her friend and colleagues, "I know you know how I feel ...

I'll send you an elaborate letter on Gmail ... You're gonna fly your freak flags forever. I love you badly, and you know where I live."

McGrath, an industry veteran who saw the Viacom-owned MTV Networks through multiple reinventions and helped develop hit shows such as "Unplugged" and "Jersey Shore," recently announced that she was stepping down from her position after 30 years with the company.

When asked about whispers at the party that Executive Vice President David Janollari would take on McGrath's responsibilities, an MTV rep told Page Six, "Judy chose to leave now because of the health of all of the networks. MTV is doing incredibly well, so we won't be making changes. David Janollari will continue his role running programming."