Leno, who exited the "Tonight Show" in 2014, spoke candidly about mixing politics and humor for a mass audience in a recent interview with David Trulio for The Ronald Reagan Presidential Foundation.

Jay Leno didn’t hold back when it came to his views on late night content, saying he believes political material can alienate audiences.

Letterman characteristically ripped into the “gutless” “bottom feeders” at Skydance, complaining that “There’s no fairness to these goons.”