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I have seen some sources speculate that Ferguson's contract is nearly up, and they may be considering yet another replacement for him as well. That would be the bigger burn, in my opinion, but I haven't read anything that I've taken with much more than a grain of salt.
If Jay had not reretired, they may have considered Ferguson more seriously. But I'm not sure he would have competed well with the Jimmys (from an executive perspective), and CBS is looking long-term. Colbert's contract was also due to be up in a year, and Les is a big fan of his.
Anyway, what seems like a short turnaround for us was a discussion point at the network for much longer.
That just sounds sad, as if the country has gone even more Leno.
I saw one article suggesting Handler because she was the only truly cynical, pissy host left anyplace. I don't know that's really true, particularly, nor do I think she'd have been a decent pick at all, for several reasons, but I do think the tide has gone more Leno-esque and it's sad.