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"Colbert Stays, Trump Must Go": End of the Late Show Shakes New York Fans

UNITED STATES, JUL 22 – Stephen Colbert criticized CBS and Paramount for canceling his show despite leading late-night ratings, citing $40 million annual losses and possible political pressure linked to a major merger.

  • On July 17, 2025, CBS revealed that the program hosted by Stephen Colbert will conclude its run in May 2026, marking the end of the current broadcast season.
  • The cancellation came after reports indicated the show was incurring annual losses estimated in the range of $40 to $50 million amid a difficult financial environment for late-night programming.
  • Stephen Colbert responded with a feisty monologue addressing President Trump's social media celebration of his firing and questioned the purely financial rationale.
  • Colbert earns $20 million a year in a show with a $130 million production budget, while critics note his ratings declined to a fraction of previous hosts'.
  • The decision may signal deeper industry changes, as fans protested at the Ed Sullivan Theater and late-night hosts rallied in support of Colbert.
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Washington Times broke the news in United States on Monday, July 21, 2025.
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