CBS Confirms Stephen Colbert Show Ending Amid $40M Losses, Criticism

CBS announced the cancellation of The Late Show with Stephen Colbert, citing financial reasons, with the final episode scheduled for May 2026. However, many, including actress Winstead and Fox News contributor Joe Concha, speculate political motives behind the decision, particularly due to Colbert's outspoken criticism of President Donald Trump and the network’s parent company, Paramount, which recently settled a $16 million lawsuit with Trump. Colbert has been described as a financial burden, with a $130 million annual production budget and a $20 million salary, contributing to a $40 million yearly loss for the network, alongside declining viewership compared to competitors like Fox's Greg Gutfeld. Concha argues CBS should terminate Colbert immediately to save money and avoid further internal criticism, as Colbert has publicly accused the network of compromising its values. Meanwhile, Colbert has expressed gratitude towards his team and clarified that The Late Show will not be replaced but discontinued on CBS after his departure. The controversy highlights tensions between political influence, financial sustainability, and creative freedom in late-night television.