viewers, compared with 808,000 viewers for Chelsea Lately. Among viewers 18-to-49, O'Brien averaged 503,000 viewers vs. Handler's 559,000. Following the cancellation of Lopez Tonight, Steve Koonin of Turner Entertainment stated he "could not be happier with Conan as a show or Conan O'Brien and Team Coco as people and an organization," going on to say that "what Conan has already won is the absolute [embrace] of young people." In August 2011, TBS secured the cable syndication rights to The Big Bang Theory at a reported $4 million per episode to serve as a lead-in to Conan three nights a week. "[O'Brien's] program is the signature show of our line-up and the centerpiece of our network," Koonin said in an interview with The Wall Street Journal. In March 2012, it was revealed that Conan draws more Hispanic viewers than any other late night program. On May 14, 2014, TBS renewed the show through 2018. For January–October 2013, Conan attracted $67.4 million in advertising for an audience that is the youngest compared with seven late-night shows on CBS, NBC, ABC, Comedy Central, and E!. Viewership in 2013 was 808,000, down from 914,000 in 2012. Conan does well in ratings among low income inner city viewers. As a result, many of the show's advertisers often use Conan as a bridge to reach them. By fall 2015, in the face of new competition from The Late Show with Stephen Colbert and The Tonight Show Starring Jimmy Fallon, Conans live audience had fallen to 299,000 viewers in the demographic of persons 18 to 49, the lowest of all of the major national late-night talk shows. In contrast to its live audience, Conan boasted strong online revenues with a particularly young viewership that TBS had leveraged into lucrative advertiser relationships targeting digital and social media. TBS also cited O'Brien's role as executive producer on shows such as People of Earth, Final Space and a Clueless Gamer spin-off series as evidence of the host's value to the network as a brand and partner beyond the talk show, further stating, "We're going to be in business with him for a long time." Production On May 16, 2010, O'Brien announced that his new show would launch at Stage 15 on the Warner Bros. lot in Burbank, California. Taping of each episode began at 4:30 p.m. PST, which usually followed a rehearsal lasting from 1 p.m. until 3 p.m. At