"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.

CBS announced on July 17 that "The Late Show with Stephen Colbert" is being cancelled and "The Late Show" will come to an end after a 33-year run in May 2026. While the cancellation may be surprising for those focused on Colbert's ratings success in the linear TV space,

Since then, Colbert has been ripping into Donald Trump with renewed relish, often while also flaying CBS and its parent company, Paramount. By doubling down on attacking his most powerful enemy, at a time when network execs are facing such intense scrutiny for what many believe was a politically motivated firing,

Jay Leno's comments about politics during late-night TV take on new meaning amid the cancellation of Stephen Colbert's CBS hosting gig.

The co-creator of The Daily Show has called out CBS for canceling Stephen Colbert’s late-night program, saying it indicates the network is “afraid.” Lizz Winstead appeared on MSNBC on Sunday after authoring a scathing op-ed in Rolling Stone on Friday that cast doubt on CBS’ assertion that it canceled The Late Show purely for financial reasons.