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Friday, July 18, 2025

CBS Says Colbert's 'Late Show' Runs $40 Million Deficit

LateNighter

Friday July 18, 2025

CBS Cites Costs in Colbert Cancellation—The Timing Tells a Different Story

Stephen Colbert
Stephen Colbert’s Late Show is ending, and CBS says it’s just business—and it may be. But as Bill Carter writes, why now?

Retakes, Hugs, and Tears: Inside the Studio for Stephen Colbert's Cancellation Announcement

Stephen Colbert
Colbert did several retakes at the top of the cold open, stumbling as he performed a lighthearted turn toward the camera for a cheesy faux-surprise "Oh, hey, everybody!"

WGA Accuses Paramount of Bribery in Colbert Case, Calls for State Probe

Stephen Colbert, WGA
The Writers Guild of America wants New York’s AG to investigate Stephen Colbert’s cancellation as a political “bribe."

CBS Reportedly Lost $40 Million on Colbert's Late Show This Year

Stephen Colbert
Sources inside CBS have suddenly become much more forthcoming about the economics of late-night television—go figure—revealing that The Late Show with Stephen Colbert has recently been running at an annual shortfall of $40 million.

Jimmy Kimmel Has a Blunt Message for CBS After Colbert Cancellation

Stephen Colbert, Jimmy Fallon
Jimmy Kimmel didn’t mince words in reacting to CBS’s surprise announcement that it will cancel The Late Show with Stephen Colbert at the end of the 2025–26 season.

Jimmy Fallon, Seth Meyers React to Colbert's Cancellation: 'As Shocked As Everyone'

Jimmy Fallon, Seth Meyers, Stephen Colbert
Two more of Stephen Colbert’s late night compatriots are offering messages of support following the cancellation of The Late Show.

Colbert Staffers React to Shock Cancellation, Reflect on 'Run of a Lifetime'

Colbert Staff
The news that CBS is cutting The Late Show after next year came as a shock to both viewers and industry insiders alike, but it seems no one was more stunned by the news than those who work at the show.

Trump Celebrates Colbert's Cancellation, Swipes at Kimmel and Fallon

Donald Trump guests on 'The Late Show With Stephen Colbert'
Donald Trump has just weighed in on last night's news that CBS is canceling The Late Show with Stephen Colbert—and, unsurprisingly, he’s celebrating (and taking aim at several other late-night hosts along the way).

Stars React to Colbert Cancellation News: 'This Is Absolute Bulls—'

Stephen Colbert
The outpouring of support for Stephen Colbert and his staff following CBS’ decision to cancel The Late Show continues to stream in, with actors, comics, journalists, and even brands weighing in.

Jon Stewart Shrugs Off Daily Show Ouster Talk: 'We'll Land on Our Feet'

Jon Stewart
Jon Stewart is brushing off reports that the Skydance-Paramount merger could cost him his job at The Daily Show.