CBS To Cancel 'Late Show with Stephen Colbert' | TMZ Live - video Dailymotion

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Stephen Colbert will finally get to embrace the life of a morning person ... 'cause he's got one more season and then he's leaving late-night television behind.

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00:00Big news in late night television, Stephen Colbert not only canceled, the entire Late Show is canceled.

00:06That show, the Late Show, is going away.

00:09CBS made this announcement late on Thursday, and there's been a lot of emotional reaction to this.

00:17Not from Stephen Colbert, interestingly.

00:20He was actually very complimentary of CBS.

00:23Complimentary to CBS, but the controversy is...

00:26By the way, it's going away at the end of, I think in May of next year.

00:29May next year.

00:30There are a lot of people who think this is because...

00:35Colbert was very vocal on his show and critical of CBS for the settlement they made with...

00:41Donald Trump.

00:42With Donald Trump, a $16 million settlement.

00:46And what's happening behind the scenes is that CBS is trying to get a merger done that...

00:52That needs to be approved by the federal government.

00:54So a lot of people think this was Donald Trump having leverage over Paramount.

00:59And that it was revenge.

01:00And hating Stephen Colbert enough that he said, you either cancel the show or else.

01:06By the way, by the way, when they announced it, Trump did get on Truth Social.

01:12He said, I love that they did this.

01:13I absolutely love that Colbert got fired.

01:16His talent was even less than his ratings.

01:19I hear Jimmy Kimmel is next, has even less talent than Colbert.

01:22Greg Gutfeld is better than all of them combined, including the moron on NBC who ruined the

01:28once great Tonight Show.

01:29The optics are not good.

01:31He wants this deal to go through with Paramount and Skydance.

01:34The FCC is his FCC, so whether or not that's going to happen.

01:37But of course, Paramount's saying, it's not that.

01:40This is an expensive show.

01:41Well, I believe you.

01:42We don't know the history, you know, like where is linear television going?

01:46They don't really know.

01:47Well, we do know.

01:48Well, we do know.

01:49We know because linear television has had its worst quarter in the history of television this past quarter.

01:56And people are going to YouTube.

01:58You should explain to people what linear television means.

02:00Broadcast TV.

02:01The TV you watch, you know, on the various networks and whatnot, it's going down.

02:06People are migrating to YouTube.

02:07They're going to podcasts.

02:08They're going to other social media platforms.

02:11And so just to give you an example, that's a really expensive show to do.

02:15They have a huge staff.

02:17It's on five days a week.

02:19It's expensive.

02:20It gets a rating of 1.9.

02:23That's around 2 million people every night.

02:28The Gutfeld show on Fox News Channel gets 3 million people.

02:34By comparison.

02:36And a much cheaper show.

02:38Dirt cheap to produce.

02:39So they're getting a million more people for way less money.

02:43And they're losing money on the light show.

02:45So you guys don't think politics has any play in this whatsoever?

02:48It's strictly a financial decision?

02:49I would say this.

02:50Or is there some Trump pressure?

02:51Is it possible that two things can be true?

02:54CBS really is trying to suck up to the Trump administration to get this deal done.

03:00But they also have a show that is really expensive.

03:03Remember that James Corden's show went away last year.

03:07And if it really was Trump, they would just replace Stephen Colbert with a more conservative host.

03:12If that show was actually making money, they would never get rid of it.

03:18Let me explain what the networks care about.

03:22Money.

03:22They're trying to make money.

03:23I don't care about.

CBS To Cancel 'Late Show with Stephen Colbert' | TMZ Live

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