New details are emerging about the decision by CBS to end the ‘Late Show’ with Stephen Colbert. Despite the ridiculous conspiracy theories spread by the left, a new report reveals the network was losing $40 million a year on the show.
Knowing this, it is amazing that the show lasted for as long as it did.
FOX News reports:
Colbert’s ‘Late Show’ was reportedly losing CBS $40M a year as critics speculate politics drove cancellationA new report is putting a spotlight on the finances of “The Late Show” as critics speculate the CBS cancellation was a political move to silence its anti-Trump host Stephen Colbert.Puck News’ Matt Belloni reported the late-night show “has been losing more than $40 million a year” for CBS and that it had a budget of “more than $100 million per season,” contrasting it with network’s daytime and primetime programming, which he noted were “still profitable.””‘Late Show,’ with its topical humor and celebrity interviews pegged to specific projects, has struggled on Paramount+. And of the three network late-night shows, ‘Late Show’ has by far the smallest digital footprint on YouTube and other platforms,” Belloni wrote. “So from a business perspective, the cancellation makes sense.”Belloni said the sources he spoke with at CBS and Skydance Media, the company that is set to buy the network’s parent company Paramount Global as part of an $8 billion merger, insist Colbert’s cancellation was “based on economics, not politics,” pointing to the decision to give his show a 10-month extension to May 2026 instead of pulling the plug immediately as evidence.
This was not about politics. It was all about simple math.
John Nolte of Breitbart News, a superb media analyst, makes a great point about what really happened here:
The Only Person Who Canceled Stephen Colbert Was Stephen ColbertNothing better exemplifies why Stephen Colbert’s Late Show suddenly got canceled than the fact that Colbert’s prime guest on the night of the cancellation’s announcement was … Adam Schiff.Yes, pencil-necked Adam Schiff. Yes, serial liar Adam Schiff. Yes, the dull, charisma-free Democrat U.S. Senator from California who spent more time on TV spreading deliberate misinformation about the Russia Collusion Hoax than anyone not named Jake Tapper.CBS is reportedly paying Colbert $15 million a year. On top of that, for some reason, Colbert requires a crew of 200 (and their salaries) to put on a late-night show with zero cultural impact that fewer than one percent of Americans watch. And still, he thinks it’s a good idea to invite on a dull and divisive politician to spout dull and divisive talking points.That’s arrogance.
Colbert selfishly made his personal case of Trump Derangement Syndrome the singular, driving ‘joke’ of the entire show. Not only was the show losing money, it was boring. It couldn’t go on forever, and it won’t.
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