In the end, the math just didn’t add up.
CBS ended Stephen Colbert’s “The Late Show” because of budgetary reasons, as they clarified. This announcement caused quite a stir among liberal media outlets.
Consider:
- CBS Canceling Stephen Colbert’s ‘Late Show’ Is an End of an Era for Television — and a Chilling Sign of What’s to Come
- Writers Guild Calls for Investigation After ‘Late Show’ Cancellation, Citing Bribery Concerns
- The TV President’s War on Democracy Comes for TV’s Institutions
Cue the crying rooms and coloring books.
It’s no surprise that these platforms are displeased, given their long history of endorsing and boosting Colbert’s liberal perspective. In fact, few media figures have advocated for progressive ideas as strongly as Colbert has done over the years.
And, apparently, that came at a price. A hefty price.
The timing and optics are terrible, but Stephen Colbert’s show costs more than $100M a year to produce and is losing more than $40M a year. CBS execs had been mulling for a long time whether to pull the plug. Details
https://t.co/gjSuazpef9
— Matthew Belloni (@MattBelloni) July 18, 2025
According to Puck News, it’s surprising but true that CBS spends around $100 million annually to support “The Late Show.” What might shock you even further is the rumor that this show costs CBS, also known as the Tiffany Network, a loss of approximately $40 million or more each year.
Picture this scenario: It takes a significant financial effort, equivalent to millions being swallowed and then coughed out, for the television network to air a late-night talk show like Colbert’s, with his reported annual salary of at least $15 million not making things any easier. Adding to the cost is the large team of 200 people working behind the scenes on the show.
A few years ago, the late-night TV show was still bringing in a decent amount of revenue. However, in recent times, the income from these shows has significantly dropped. Now, instead of making profits, they are focusing on reducing costs.
- “The Tonight Show” shrank from five nights to four last year
- “Late Night with Seth Meyers” fired its house band.
- And, when CBS said goodbye to “The Late Late Show” host James Corden, it chose a cheaper program to replace him. (That show is gone now, too)
Why did CBS willingly pay $40 million for clapter, in a manner reminiscent of Colbert? Well, it’s all about show business. You might remember how ABC decided to end “Last Man Standing” despite its high ratings, mainly due to the sitcom’s substantial budget. That was the explanation given back then.
In simple terms, the total figures should match or align correctly. However, for “The Late Show,” this wasn’t the case. Nevertheless, CBS has taken on these financial shortfalls up to this point.
Why?
To get a clear view of the overall situation, it’s beneficial to take a moment to step away. The news division of CBS seems to have joined the movement against Trump. Anchor Margaret Brennan’s work is often criticized for its lack of accuracy, leading her to be frequently featured in conservative discussions on podcasts and online platforms.
This information is spreading widely, and rightfully so, since it lacks historical accuracy, contradicts a core value, and is presented in a patronizing manner by a well-compensated news platform.
— Will Cain (@willcain) February 16, 2025
— TheBlaze (@theblaze) January 27, 2025
CBS’s 2024 vice presidential debate put its overt biases in prime time.
During the intense 2024 election campaign, CBS’s “60 Minutes” strategically edited Vice President Kamala Harris’s speeches to portray a more presidential image. This action led President Trump to file a lawsuit against CBS. Ultimately, the network executives chose to settle the case for $16 million.
Liberal commentators criticized the show (and so did Colbert himself), and the fact that CBS’s parent company, Paramount, was about to merge with Skydance likely contributed to the decision by the network to part ways with Colbert’s “The Late Show,” according to their argument.
It’s evident that a broadcast company cannot sustain a program that costs them millions annually. However, CBS was prepared to bear this expense for their preferred content, but only for a limited time.
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2025-07-19 16:03