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Experts suggest that Fallon’s ratings turmoil stems from a notable shift in the show’s tone and approach to political commentary. Once a cornerstone of late-night entertainment, the traditional Carson-Leno model has taken a backseat to a more politically charged environment, with hosts like Kimmel and Colbert openly leaning into partisanship. Fallon, who attempted to maintain neutrality, has instead found himself offering “tepid leftism” that fails to resonate with audiences across the political spectrum.