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CBS canceled The Late Show with Stephen Colbert because it was losing $40 million a year, it was claimed. Puck journalist Matthew Belloni revealed Colbert's astonishing lack of profitability Friday, hours after CNN first broke the news that the show was canceled because it was in the red. Belloni outlined how The Late Show - whose cancelation was announced Thursday - costs $100m a year to produce, with Colbert, 61, getting paid between $15 million and $20 million a year to host.

Paramount, the network’s parent, recently agreed to pay President Trump $16 million to settle his lawsuit over the editing of an interview on the CBS News program “60 Minutes.”Democratic lawmakers are questioning the timing of CBS’s announcement to cancel “The Late Show With Stephen Colbert,” which came days after Mr. Colbert criticized the network’s parent company for paying President Trump $16 million to settle a lawsuit.Hours after CBS executives characterized the move as “purely a financial decision against a challenging backdrop in late night,” lawmakers began suggesting that the cancellation was linked to Paramount’s recent settlement with Mr. Trump. Senator...

A staple of late night television is going off the air for good. CBS and Stephen Colbert broke the news Thursday that the next season of ‘The Late Show with Stephen Colbert’ will be its last. It will not return with a new host, either. “We consider Stephen Colbert irreplaceable and will retire ‘THE LATE SHOW’ franchise at that time,” wrote CBS. “We are proud that Stephen called CBS home. He and the broadcast will be remembered in the pantheon of greats that graced late night television.” The Associated Press reports the announcement came three days after Colbert spoke out...

Back in June 2022, I joined the ranks of the many conservatives who looked at late-night network television, with its tired “clap-ter” and heavy-handed cheerleading for Democratic politicians, and asked just how many people actually enjoyed watching it. Never mind the now-regular softball interviews with Democratic elected officials or the exhausted “aren’t Republicans so dumb and evil” monologue jokes, the whole thing felt stale, rote, and joyless. Viewership has plummeted across the board for network television in the streaming era, and you figure the market for the likes of Stephen Colbert offering variations of the same jokes night after night...

A slew of famous faces shared their outrage at the show’s cancellation. Actor Adam Scott wrote on Instagram: “Love you Stephen. This is absolute bulls**t, and I for one am looking forward to the next 10 months of shows.” Actress Rachel Zegler added: “I am extremely sad. i adore you, stephen,” and broadcaster Katie Couric penned: “I am so upset about this. I need more information. We love you ” Director Judd Apatow posted: “My admiration and appreciation for you is bottomless. Excited to see what other brilliance you put into the world.”

Sen. Adam Schiff, D-Calif., and Sen. Elizabeth Warren, D-Mass., said the public "deserves to know" whether CBS’s decision to cancel "The Late Show with Stephen Colbert" on Thursday was politically motivated. "Just finished taping with Stephen Colbert who announced his show was cancelled. If Paramount and CBS ended the Late Show for political reasons, the public deserves to know. And deserves better," Schiff wrote.

CBS announced the cancellation of the Late Show with Stephen Colbert - just days after the host blasted the network's $16 million settlement with President Trump as a 'big fat bribe.' Colbert's show, which began in 2015, will now come to an end in May 2026, executives with the network and Paramount, its new parent company, announced on Thursday. 'The Late Show with Stephen Colbert will end its historic run in May 2026 at the end of the broadcast season,' they said in a statement. 'We consider Stephen Colbert irreplaceable and will retire the Late Show franchise at that time,'...

In a shocking move, CBS is ending “The Late Show with Stephen Colbert” next year, potentially exiting the late-night television business altogether. The cancellation will take effect in May 2026, the normal end of the broadcast TV season, the network said Thursday evening.

CBS' "The Late Show with Stephen Colbert" will be ending in 2026, the network announced Thursday. "'THE LATE SHOW with STEPHEN COLBERT' will end its historic run in May 2026 at the end of the broadcast season," CBS said in a statement. "We consider Stephen Colbert irreplaceable and will retire 'THE LATE SHOW' franchise at that time. We are proud that Stephen called CBS home. He and the broadcast will be remembered in the pantheon of greats that graced late night television." CBS said it was "purely a financial decision against a challenging backdrop in late night," adding, "It is...

"CBS has announced that The Late Show with Stephen Colbert will end in May 2026, bringing the show’s historic run—and the Late Show franchise itself—to a close."Colbert addressed the show’s cancellation himself while taping tonight’s show."

CBS News Capitol Hill correspondent Scott MacFarlane told podcaster Chuck Todd on Wednesday about how traumatized he was by Trump rallygoers blaming the media for the assassination attempt against President Donald Trump in 2024. MacFarlane said he had personal trauma from the crowd’s immediate rage in response. "For those of us there, it was such a horror because you saw an emerging America," MacFarlane told Todd on his podcast. "And it wasn't the shooting, Chuck. This was – I got diagnosed with PTSD within 48 hours. I got put on trauma leave, not because, I think, of the shooting, but...

Saturday, November 2, 2002 ©2002 Associated Press URL: http://www.sfgate.com/cgi-bin/article.cgi?f=/news/archive/2002/11/02/international1651EST0195.DTL (11-02) 13:51 PST JOHANNESBURG, South Africa (AP) -- A California doctor who committed suicide after being accused in a murder plot gave deadly germs to apartheid South Africa's secret chemical and biological weapons program, CBS' "60 Minutes" reported Sunday. Larry C. Ford met with scientists from South Africa's Project Coast in the 1980s to discuss chemical and biological warfare, Wouter Basson, who headed the project, told the program. He also passed a bag filled with cholera, typhoid, botulism, anthrax and bubonic plague to a South African military doctor during a meeting...

Longtime "60 Minutes" correspondent Steve Kroft and "Daily Show" host Jon Stewart bashed Paramount Global and CBS’ eight-figure settlement with President Donald Trump as giving into a "shakedown" on Monday. Kroft appeared on Paramount-owned Comedy Central to discuss the settlement with Stewart, who didn’t pull punches when discussing his own employer. Kroft, who retired from the show in 2019 after a 30-year run, said his former colleagues are devastated that CBS and its parent company settled Trump’s "election interference" lawsuit. "I think there is a lot of fear over there… fear of losing their job, fear of what’s happening to...

The veteran “60 Minutes” correspondent who interviewed Kamala Harris for the segment that triggered the just-settled lawsuit filed by President Trump against CBS News and its parent company reportedly grew emotional during a staff meeting held after the deal was announced. Bill Whitaker, 73, appeared “teary-eyed” and “quite somber” during a tense Zoom meeting Wednesday morning as he addressed his “60 Minutes” colleagues in the wake of Paramount Global’s $16 million settlement with Trump, according to Oliver Darcy’s Status newsletter. Paramount Global, CBS’s corporate parent, agreed on Wednesday to pay $16 million to settle Trump’s lawsuit over a “60 Minutes”...

Trump’s lawsuit alleged CBS edited Harris’s response to the Israel question "to make her look better" and that the action amounted to "election interference." The lawsuit said CBS deceptively aired the edited, more polished version on "60 Minutes" and a different, rambling one on "Face the Nation." Trump's lawsuit framed this as not just political bias, but as a form of commercial deception under Texas’s Deceptive Trade Practices‑Consumer Protection Act, arguing that CBS's editing gave Harris an unfair advantage. "With this record settlement, President Donald J. Trump delivers another win for the American people as he, once again, holds the...

Paramount Global and CBS agreed on Tuesday to pay President Donald Trump a sum that could reach north of $30 million to settle the president’s election interference lawsuit against the network. Trump will receive $16 million upfront. This will cover legal fees, costs of the case, and contributions to his library or charitable causes, to be determined at Trump’s discretion. There is an expectation that there will be another allocation in the mid-eight figures set aside for advertisements, public service announcements, or other similar transmissions, in support of conservative causes by the network, Fox News Digital has learned. Sources close...

BREAKING: Paramount agrees to pay $16 million to settle Trump CBS ‘60 Minutes’ lawsuit

A CBS News documentary blasted America’s supposed transition to a so-called “Gilded Age” of oligarchs to attack President Trump and the tech leaders who stood with him at his inauguration. As if CBS stood for Channeling Bernie Sanders. The problem: The documentary conveniently excluded any mention about the most notorious left-wing billionaires in U.S. politics that have used their cash to either try to buy elections or drastically overhaul U.S. policy over the years. Coincidence? We think not.

The mainstream media tried to destroy Trump—but in the end, they destroyed themselves. This is the story of anchors who lost their minds, reporters who lost their careers, and a media machine that couldn’t handle President Trump.

Politics Judge orders release of Columbia activist Mahmoud Khalil from ICE detention By Updated on: June 20, 2025 / 3:13 PM EDT / CBS News A federal judge in New Jersey on Friday ordered that Columbia University activist Mahmoud Khalil must be released from detention by Immigration and Customs Enforcement as his immigration proceedings play out. During a hearing before U.S. District Judge Michael Farbiarz, Khalil's attorneys asked him to free Khalil from detention or transfer him to New Jersey. Farbiarz agreed, determining that Khalil is not a threat to the community, not a flight risk and that his detention...