The Late Show, David Letterman and Stephen Colbert
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"It isn’t the end of Colbert," Galloway wrote. "It’s the end of late-night TV. Colbert’s Late Show reportedly has been losing more than $40 million a year for CBS, with a budget of $100 million per season and about 200 employees." Galloway compared those economics to those of his own company.
Samantha Bee doesn't find it surprising that CBS decided to cancel The Late Show with Stephen Colbert amid the Paramount and Skydance merger.
CBS announced Thursday it is ending "The Late Show with Stephen Colbert" and retiring the franchise in May 2026. CBS News 24/7 anchor and featured host of "CBS Mornings" Vlad Duthiers has the details.
Parrot Analytics data finds "Last Week Tonight With John Oliver" leading the late-night pack in streaming revenue