Jay Leno is taking aim at modern late-night comedy shows, claiming the hosts are isolating half their viewers in an interview released just days after Stephen Colbert got the boot from CBS.

The former Tonight Show host, 75, reflected on the shift in late-night culture during a sit-down interview with Ronald Reagan Presidential Foundation president David Trulio.

The candid conversation was taped two weeks ago but was recently shared and quickly circulated online.

They spoke openly about comedy, politics and what's changed in the late-night world.

Trulio began by mentioning to Leno that his jokes had a reputation of being equally balanced in his time on air.