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Tapper hits CBS parent over Colbert cancellation: Paramount in a ‘bend-the-knee phase’

UNITED STATES, JUL 19 – CBS cites $40 million annual losses and declining viewership as reasons to end Stephen Colbert's Late Show amid industry changes and a pending corporate merger.

  • Earlier this week, CBS confirmed the show will end in May 2026, Colbert said `This is all just going away`.
  • Puck News reported that Colbert's show operates at a $40 million annual loss, with viewership halving Letterman's, amid declining late-night industry revenue.
  • Despite no evidence, Tapper linked Colbert's cancellation to Paramount's Trump settlement, admitted he had no evidence, and an anonymous former CBS executive said `The timing seems so obvious and keeping with Paramount's quid pro quo theme.`
  • On Truth Social, President Trump said `I absolutely love that Colbert got fired`, adding `I hear Jimmy Kimmel is next`.
  • Late-Night television faces declining ad revenues, shifting viewer habits, and rising production costs, with industry analysts noting ongoing financial challenges amid merger uncertainties.
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The Writers Guild of America (WGA) has called on the New York Attorney General's Office to open an investigation into the circumstances that led to the cancellation of The Late Show With Stephen Colbert, citing "potential corruption" at Paramount.

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Mediaite broke the news in United States on Saturday, July 19, 2025.
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