Report: Colbert’s Late Show Cancellation Promoted by Finance, not Politics
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Stephen Colbert The manager knew that “Late Show” would be cancelled on CBS more than two weeks before the client did, and according to a new report, the decision to cancel the show was “truly driven by finances.”
Many supporters have speculated that the late-night show has been cancelled over Colbert’s liberal politics, but sources say Leslie Goldberg of Ankler that the decision was financially motivated.
“Cancellation Newsbreak Timing – Come three days after Colbert exploded after a break Paramount settlement with Trump As “Big Fat Bribe,” we created the terrible optics for the media conglomerate as they await for official approval for the merger with SkyDance. Nevertheless, multiple sources say the shocking decision to remove the late show brand was truly driven by finance as late-night space continues to face declines in advertising revenue and linear audience declines,” Ankler reported.
A report from Ankler argued that CBS’s decision to cancel the “Late Show” was financially motivated. (Spencer Platt/Getty Images; Scott Kowalchyk/CBS via Getty Images)
Colbert said last week that Paramount’s decision to settle the election interference lawsuit filed by President Donald Trump for $16 million is part of Paramount’s “big fat bribes” to secure Trump’s administration’s approval for the merger with Skydance Media.
A Goldberg source told her Colbert’s manager received a call from a CBS executive informing him of the impending budget cuts to “The Late Show.” Ankler’s story also stated that five staff members were fired a year ago as additional “nips and tucks” were established to cut the show’s budget.
CBS staff calls Stephen Colbert Cancellation “The Cold of Free Speech”
According to the same source, Colbert was also involved in efforts to cut the show’s budget, which helped devise cost-cutting measures to keep the show on track.
Colbert claimed Paramount’s $16 million settlement with Trump was “a big fat bribe,” and was linked to the company’s pending merger with SkyDance, which requires approval from the Trump administration. (Fox News Digital)
According to Goldberg, on June 27, just days before Paramount announced its settlement with Trump, manager James Dixon received a call from a CBS executive informing him that the network was away from Colbert and “Late Show.”
More than two weeks later, Dixon notified Colbert of CBS’s decision after taping the show on July 16th. The next day, the late-night host announced the upcoming cancellation of his show to his viewers.
Fox News Digital We have reached out to Paramount for comment.
Another report stated that there is a Colbert show Losing $40 million a year For networks.
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