UPDATE:  Just over 1 million viewers watched Chelsea Lately bow out live on Tuesday night — the E! show’s biggest audience in 2 1/2 years.  About 498,000 of them were demo viewers — the show’s biggest haul in the 18-49 age bracket in a year. The live finale ranked No. 5 on the ad-supported cable chart (excluding sports) with 29.5K tweets.

PREVIOUS, 8:21 AM: Miley Cyrus sang “It’s Over” and a star-studded cast performed a “We Are The World”-esque group-sing as Chelsea Handler bid goodbye to E! after seven years. She’s headed to Netflix.

“I’m delighted to lead this song with my good friend Chelsea Hammer,” Gwen Stefani began — a stab at making light of having, one night earlier, announced the Emmy winner for best variety series was “The Colbore Report.” She kicked off the tune “Goodbye to E!” then started to sing over Handler’s lyric, but caught herself just in time. Stefani is emerging as Hollywood’s poster child for the importance of rehearsals.

EricB
2 weeks
Yup, what you said; "CH, the Brand" is probably an exaggeration of Chelsea Handler the Individual, but...
fluffo
3 weeks
Awesome. Now I can not watch her on Netflix.
3 weeks
I don't really like Chelsea but I thought her wig looked amazing.

As best we can tell, here is the sure-to-go platinum tune that debuted last night, as performed by such luminaries as Sandra Bullock, Jennifer Aniston, Joel McHale, Fergie, LeAnn Rimes, Kathy Griffin, etc.:

There comes a time when we leave a certain show.

It’s been fun but now it’s time to go.

There are TV’s crying — though TV’s can’t make tears,

All in all it’s been seven great years.

She can’t go on

Faking every day

That Chelsea cares about Kim and Kanye.

She is done with Teen Moms and Justin Bieber too;

She’s off to Spain to find random guys to screw.

Goodbye to E!

It’s time to move on

She want to sing, she wants to dance,

And get her groove on. 

Yes the show is ending

(mumble, mumble,  mumble)

So roll yourself a joint and have a drink.

Watch Miley and the group sing here: