Jon Stewart suggests Colbert's cancellation is tied to Paramount's Trump settlement

Business Insider

Jon Stewart is questioning whether CBS’s decision to cancel Stephen Colbert’s late-night show was purely financial. He points to Paramount’s recent $16 million settlement with Donald Trump as a sign the company may be trying to smooth a deal and stay in Trump’s good graces.

Transcript

00:00Lots of people think Paramount canceled Stephen Colbert's show to get on Donald Trump's

00:04good side.

00:05Jon Stewart, Colbert's longtime colleague and friend, is one of those people.

00:09Earlier this month, Paramount paid Trump a $16 million settlement after Trump accused

00:15Paramount's CBS network of quote, deceptively editing a Kamala Harris interview.

00:21Most legal experts say Trump's suit had little merit, but Paramount owner Sherry Redstone

00:26wants to sell the company and that settlement is supposed to clear the way for a sale.

00:30All late night TV shows are struggling right now.

00:33Colbert's show is reportedly losing $40 million a year.

00:37Paramount says canceling the show was purely a financial decision.

00:40But Stewart said he believes the cancellation was also done to smooth the Paramount sale

00:45to Larry and David Ellison.

00:47And Stewart connected that settlement to one we've seen other big media and tech institutions

00:51make in recent months.

00:52Disney, Meta, and Twitter have all agreed to donate millions to Trump.

00:56To learn more, head to businessinsider.com.

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