CBS cancels Stephen Colbert's late-night show
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A new report from Puck's Matt Belloni is shedding light on the finances that led to CBS' bombshell cancellation of "The Late Show with Stephen Colbert."
And it's not just him who's leaving. "This is all just going away," the comedian, 61, told his appalled audience, explaining that he's not being replaced, but the show will air its final episode in May.
CBS could not figure out a path to profitability in an entertainment world increasingly dominated by streaming.
2don MSN
The state of late-night TV is keeping media executives from sleeping well. CBS’ decision to cut ties with Stephen Colbert and its decades-old “Late Show” franchise come next May will leave a major hole in the format — but one that has been widening.