The 1/2 Hour News Hour
Well... um... I really don't think we need to worry. At all. The reason? If it sucked any more it would spontaneously develop an event horizon. Seriously, check it out:
It's more or less like watching the animatronic Lincoln in the Hall of Presidents try to deliver sex jokes.
So what have we learned? Well, simply that when media and politics mix, there appear to be comparative advantages. The conservatives are better at shrill incoherent ranting, but the liberals are actually amusing.
I'm satisfied with that.
* As a side note, judging by the format and artwork, I'm not sure they realized that the Colbert Report is satire.