Stephen Colbert told Wake Forest University graduates Monday that he thought it was “entirely appropriate” that he was giving them their commencement address, since like them, he too was transitioning from a past life, as the host of The Colbert Report and embodying the conservative commentator persona he adopted on that show, to a new job as host of CBS’ Late Show. He added “we mustn’t forget the parents, who to get you students to this day have sacrificed so many things — primarily money. I’m sure there are other things they’ve sacrificed but I’m going to guess money’s the one they bring up most often.”
