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CBS canned ‘The Late Show’ over tens of millions in financial losses annually — not Stephen Colbert’s politics: sources
NY Post ^ | July 18, 2025 | Charles Gasparino

Posted on 07/19/2025 7:43:25 AM PDT by lasereye

CBS brass say they pulled the plug on “The Late Show with Stephen Colbert” because of its punishing losses — pegged between $40 million and $50 million a year — and claim politics had nothing to do with it.

The 61-year-old host got canned just days after he took a dig at the Tiffany Network over its $16 million settlement with Donald Trump over a controversial “60 Minutes” interview with Kamala Harris as the network’s parent Paramount negotiates with the Trump administration regulatory approval for its $8 billion sale to independent studio Skydance.

“I am offended, and I don’t know if anything will ever repair my trust in this company,” Colbert said of the truce in his Monday night monologue.

“But just taking a stab at it, I’d say $16 million would help.”

But scathing jokes at the expense of CBS brass wasn’t the problem, according to insiders.

Instead, the network’s bosses could no longer stomach the fact that Colbert has been plagued with an increasingly dire shortage of advertisers.

That’s despite Colbert’s No, 1 ratings in his time slot and his status as a key face for the Tiffany Network.

In the end, Paramount’s co-CEO George Cheeks decided to kill the show, sources said.

“Colbert gets no advertising and late night is a tough spot,” said a person with direct knowledge of CBS’s decision.

“Colbert might be No. 1, but who watches late night TV anymore?”

Some Democrats voiced suspicion, citing the host’s left-wing leanings and CBS owner Paramount’s urgent need to gain an OK from the Trump administration for the merger with Skydance.

“CBS canceled Colbert’s show just THREE DAYS after Colbert called out CBS parent company Paramount for its $16M settlement with Trump — a deal that looks like bribery,” Sen. Elizabeth Warren wrote on X.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: aftermidnight; cancelled; canned; cbs; colbert; greggutfeld; jimmyfallon; jimmykimmel; lateshow; nightline; sethmeyers; starvetheleft; stephencolbert; thedailyshow
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The networks always cancel money-losing shows. It doesn't logically follow that the cancelation MUST be about politics. OTOH keeping it on clearly would be about politics. It loses $40 - $50 million a year and largely exists to promote Democrats. There is no other possible reason to keep it on except to promote the Democrats, given that it loses gobs of money.

Someone asserted that they have 200 people on the staff. What in the world do they need 200 people for? Are they communicating with Democrats every day to get each show's talking points lined up?

Trump, meanwhile, celebrated Colbert’s canning in a Friday morning post on Truth Social.

“I absolutely love that Colbert got fired,” the president wrote.

“His talent was even less than his ratings. I hear Jimmy Kimmel is next. Has even less talent than Colbert!”

1 posted on 07/19/2025 7:43:25 AM PDT by lasereye
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To: lasereye

I was a bit surprised members of Congress are expressing concern over this.

Maybe I should not be surprised over anything that happens with liberals. But to listen to them, we may see a congressional investigation into the programming decisions of CBS.

I find it hard to believe that the programming decisions of a TV network are somehow the concern of Congress. But yet here we are.


2 posted on 07/19/2025 7:45:51 AM PDT by Dilbert San Diego
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To: lasereye

Good. Kimmel and Fallon will be next.

I haven’t watched late night talk shows since Johnny Carson left. I remember everyone talking about his show the next day, it seemed everyone watched it.

Don’t know of a single person who watches the likes of Colbert (or Fallon or Kimmel) - or watches the puerile SNL, which hasn’t been funny since Belushi left.


3 posted on 07/19/2025 7:47:31 AM PDT by Bon of Babble (You Say You Want a Revolutioan?)
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To: lasereye

They say politics gad nothing to do with it but politics had everything to do with it because politics was what was losing all that money. Politics was also why they kept it going for as long as they did.


4 posted on 07/19/2025 7:51:16 AM PDT by webheart (Notice how I said all of that without any hyphens, and only complete words. )
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To: lasereye

And from the congressional Democrats who made the political accusations? .....crickets.

This is worse than a refutation. It’s a refutation by their allies.


5 posted on 07/19/2025 7:52:05 AM PDT by nagant
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To: lasereye

Didn’t the Biden pay a lot of money to the media? under covid and other ?

So maybe this is a result of those payments stopping..........................


6 posted on 07/19/2025 7:52:09 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued, but there must be a warehouse full of them somewhere)
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To: lasereye

And, what caused the “losses” ya morons?


7 posted on 07/19/2025 7:53:37 AM PDT by goodnesswins (Democracy to Demo rats is stealing other peoples money for their use, no matter how idiotic)
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To: lasereye
CBS canned ‘The Late Show’ over tens of millions in financial losses annually — not Stephen Colbert’s politics: sources

Are they so STUPID that they don't get the connection?

That probably means that A-Hole Colbert will turn up in some future Communist Broadcasting System (CBS) show.

8 posted on 07/19/2025 7:54:05 AM PDT by The Sons of Liberty
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To: lasereye

Translation: USAID dollars are no longer flowing to this DNC propaganda machine.


9 posted on 07/19/2025 7:54:16 AM PDT by captmar-vell
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To: lasereye

Colbert’s politics are the reason why they were losing all that money. His schtick works well in California but not in the Heartland. Weird how Gutfeld is in super left New York yet he has, by far, the more popular show. I often hear people talk about Gutfeld! the next day. Then again our County Mayor Glenn Jacobs is a semi regular. Colbert’s humor isn’t as racy but it’s far more nasty toward anybody without allegiance to the DNC.


10 posted on 07/19/2025 7:59:27 AM PDT by EandH Dad (sleeping giants wake up REALLY grumpy)
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To: lasereye

There was nothing funny about the show - it was a ‘hate Trump and MAGA’ bore. I’m amazed it lasted this long.


11 posted on 07/19/2025 8:03:33 AM PDT by GOPJ (Democrats judge themselves by their 'intentions' NOT by their results. It's one reason they fail.)
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To: webheart

Correct.


12 posted on 07/19/2025 8:03:53 AM PDT by No name given ( Anonymous is who you’ll know me as)
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To: Bon of Babble

A SNL portion is funny, the one with Josh and (sorry) the black guy. Their jokes can be hilarious, especially when they (supposedly) write jokes for “the other”. Lawdy, talk about anti-PC!
Mind, I watch that only on YouTube, can’t stand the balance of SNL — might just as well watch 60Min.


13 posted on 07/19/2025 8:04:31 AM PDT by bobbo666
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To: GOPJ

The Colbert sh-show couldn’t be put out of its misery soon enough.


14 posted on 07/19/2025 8:04:52 AM PDT by No name given ( Anonymous is who you’ll know me as)
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To: lasereye

The failure to garner ratings was due to politics most don’t agree with, the resulting loss of money triggered the job loss.

There’s nothing mysterious about this.


15 posted on 07/19/2025 8:09:09 AM PDT by SaxxonWoods (The road is a dangerous place man, you can die out here...or worse. -Johnny Paycheck, 1980, Reno, NV)
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To: lasereye

Gee, maybe it lost money due to the show’s policy of making everything political……. But that’s too easy for most non CBS Executives to figure out…


16 posted on 07/19/2025 8:11:29 AM PDT by Lockbox (politicians, they all seemed like game show host to me.... Sting)
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To: lasereye
CBS canned ‘The Late Show’ over tens of millions in financial losses annually — not Stephen Colbert’s politics: sources

To be fair and accurate, it was Colbert's shitty politics that caused him to lose 40 million per year for CBS.

Had he just been funny, and kept his ignorant, nasty, evil opinion to himself, he could have kept his show, but because he kept wanting to insert his obnoxious politics into his show, his show couldn't hold an audience.

As Michael Jordan said: "Republicans buy sneakers too."

17 posted on 07/19/2025 8:14:47 AM PDT by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
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To: bobbo666

The original black guy was Garrett Morris (before Eddie Murphy).


18 posted on 07/19/2025 8:17:10 AM PDT by quilterdebbie (We will endeavor to persevere!)
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To: Bon of Babble

As the great, late Rush Limbaugh said, these late night shows exist to create segments that are “click worthy” and go viral. Especially the political jabs at conservatives, Republicans, PTA parents and Christians.

Basically, CBS isn’t getting USAID money flowing in through the complex web of shaddy, shadow government stooges. A lot of shows are dying off for the same reason I’d bet. The money spigot has been turned off.


19 posted on 07/19/2025 8:19:22 AM PDT by subterfuge (I'm a pure-blood!)
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To: No name given

You’re right...


20 posted on 07/19/2025 8:20:33 AM PDT by GOPJ (Democrats judge themselves by their 'intentions' NOT by their results. It's one reason they fail.)
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