Just spitballing: Do you think The Daily Show is moving to Los Angeles?

[Steve Timko]

Trevor Noah dropped $20 million for a home in Bel Air, according to TMZ.

https://www.tmz.com/2019/01/08/trevor-noah-20-million-bel-air-bachelor-pad/

Supposedly he purchased it through a blind trust, so the report could be in error. But I find it hard to believe Noah has $20 million laying around that he can buy a home where he is going to live part time.

Maybe it’s an investment. Maybe he’s going to rent it out. Or book rooms through Airbnb.

I wonder if maybe the Daily Show is going to relocate to Los Angeles. If it is, then the $20 million purchase makes sense.

[David Bruggeman]

While I know they are much smaller factors in the whole show, a relocation to LA would probably mean a huge turnover in correspondents.  Viewers may not care, but it would mean an investment of time and trouble on behalf of the show to bring on new people.

Another possibility - enough of his production company's projects (like the adaptation of his memoir Born a Crime) will be produced in the LA area that a second home makes sense.

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[Steve Timko]

Well, there's an argument that the most expensive homes are recession proof. But I keep seeing stories about celebrities who dumped a lot into homes and are losing their asses. Randy Johnson was trying to sell his Arizona mansion for $25 million and now it's down to $14 million, according to a TMZ story today.

I don't know Trevor Noah's finances, but there's only a few comedians it seems who can plunk down $20 million for a home.

Noah isn't in the top 10 earning on the Forbes list.

https://www.forbes.com/sites/hayleycuccinello/2018/12/19/the-worlds-highest-paid-comedians-of-2018/

Of course, that doesn't include his Daily Show Salary

[Kevin M.]

I just scouted out the late night TV ratings. First of all, I was stunned at how low all the late night shows are averaging. Second, Adult Swim seems to be regularly beating Daily Show. Third, I can’t recall the last time a segment Noah’s show went viral... it has been a while. My conclusion: Either the show is due for a move, or Noah is getting bad financial advice, because I don’t see the show making it to 2020 in its current form. 

Kevin M. (RPCV)

[PGage]

Of course, most people don’t buy a house for cash. If he makes $4 Million/year it would not be unusual to buy a house that cost $10 - $12 Million. They probably stretch the ratio out for the high end homes, but still, it looks like he got something like a $5 - $8 M windfall somehow. I don’t think he got that much from book/movie, but maybe he invested his first few years TDS salary wisely, or sold a Manhattan apartment or something.

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[Tom Wolper]

On Thu, Jan 10, 2019 at 1:16 AM PGage <pga...@gmail.com> wrote:

Of course, most people don’t buy a house for cash. If he makes $4 Million/year it would not be unusual to buy a house that cost $10 - $12 Million. They probably stretch the ratio out for the high end homes, but still, it looks like he got something like a $5 - $8 M windfall somehow. I don’t think he got that much from book/movie, but maybe he invested his first few years TDS salary wisely, or sold a Manhattan apartment or something.

I only know this second hand but Comedy Central has a reputation in the TV business for being notoriously cheap. No matter what Trevor Noah' real estate dealings are, I don't think they would move the show to LA unless it was somehow going to save them money.

[Steve Timko]

I ran this by a real estate agent I know. He wondered when Noah's "Daily Show" contract was up. He said large home purchases like this can be negotiating tactic, like someone is sending a signal he or she is ready to move on with his or her life.

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[PGage]

There are escape hatches in contracts of course, but he got. 5-year extension  in 2017, which expires 2022.

https://www.hollywoodreporter.com/live-feed/trevor-noah-scores-5-year-daily-show-contract-extension-at-comedy-central-1038921