In a shocking move, CBS is ending “The Late Show with Stephen Colbert” next year, and apparently exiting the late-night television business altogether.
The settlement – and Paramount’s pending merger with Skydance Media – spurred speculation about Colbert’s future at CBS.
CBS, however, said in a statement that “this is purely a financial decision against a challenging backdrop in late night.
Due to plunging ad revenue, “The Late Show” is no longer profitable, according to a source close to the network.
“It’s the end of ‘The Late Show’ on CBS,” he added, going on to say, “This is all just going away.”.
“The Late Show” franchise has been a cornerstone of the CBS lineup for more than thirty years.
“But if CBS believes it can escape without some serious questions about capitulating to Trump, they are seriously deluded,” Carter said. »