CBS Plans End of Stephen Colbert Late Show Over $40M Loss

CBS's decision to cancel "The Late Show with Stephen Colbert" has sparked widespread debate about the true reasons behind the move, with the network citing a $40 million annual loss as the primary factor. David Letterman, the show's original host, criticized the cancellation as cowardice and suggested political pressure from the Trump administration and Paramount's pending $8 billion merger with Skydance influenced the decision, especially given Colbert's outspoken criticism of President Trump. Colbert's history of controversial commentary, including satirical takes on political figures and sensitive topics, has fueled speculation that his political comedy was a key factor. Fans protesting the cancellation appeared largely unaware of the financial losses involved, with some denying the viability of the network's claims. The controversy echoes past instances where politically charged satire, such as "The Smothers Brothers Comedy Hour," was canceled due to political discomfort, raising concerns about the future of political comedy on network television. Meanwhile, prominent comedians like Jon Stewart, John Oliver, and Jimmy Fallon have voiced support for Colbert and the importance of satire as political commentary.