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Samantha Bee, Jay Leno Say Ratings, Revenue and ‘Lecturing’ Doomed Colbert

NEW YORK, UNITED STATES, JUL 29 – David Letterman accused CBS of cowardice in canceling Stephen Colbert's show despite a $20 million payout and losses exceeding $40 million annually, amid corporate merger pressures.

  • CBS announced the cancellation of Stephen Colbert's Late Show this month, citing financial losses and business considerations amid a corporate merger.
  • The decision followed Paramount's $16 million settlement with President Trump and the imminent Paramount-Skydance merger, which likely influenced CBS's strategy to appease the administration.
  • Colbert's Late Show had a $100 million budget, employed 200 people, and was losing $40 million annually while facing declining viewer interest in legacy late-night programs.
  • Samantha Bee described the cancellation as a 'no-brainer' financial decision but called it an awful choice, noting changing viewing habits and political pressure with Bee stating 'the gloves are off'.
  • The cancellation suggests network mergers and political dynamics increasingly impact entertainment decisions, highlighting tension between financial realities and free expression concerns.
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Samantha Bee Wasn’t Surprised CBS Axed Colbert: Here’s Why

Former 'Full Frontal' host gets candid about what really went on behind-the-scenes.

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Slay News broke the news in on Tuesday, July 29, 2025.
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