CBS Admits Colbert Show Was Financial Disaster CBS announced Thursday that it will end “The Late Show with Stephen Colbert” and retire “The Late Show” franchise in May 2026, calling it “purely a financial decision against a challenging backdrop in late night.” Former CNN reporter Brian Stelter reported that a CBS source said Colbert’s program
CBS Admits Colbert Show Was Financial Disaster
CBS announced Thursday that it will end “The Late Show with Stephen Colbert” and retire “The Late Show” franchise in May 2026, calling it “purely a financial decision against a challenging backdrop in late night.” Former CNN reporter Brian Stelter reported that a CBS source said Colbert’s program was “bleeding red ink,” confirming that the network was hemorrhaging money on the failed liberal propaganda show.
$50 Million Annual Losses From Anti-Trump Obsession
While “The Late Show” was the highest-rated broadcast late-night show, the overall audience for late-night television has been shrinking as Americans reject liberal propaganda disguised as comedy. Guideline, an ad data firm, estimates that networks’ late-night shows earned $439 million in ad revenue in 2018 but only $220 million in 2024—a catastrophic decline of 50 percent that directly impacts shows like Colbert’s.
The shows hosted by Colbert and his liberal rivals are inherently expensive to produce, with hundreds of staffers and elaborate studio productions that cost tens of millions annually. Sources close to the network revealed that despite being the top-rated late-night show, “The Late Show” was losing money with no apparent path to profitability, forcing CBS executives to make the “agonizing decision” to cancel their marquee liberal programming.
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Colbert’s Anti-CBS Rant Sealed His Fate
The cancellation comes just days after Colbert launched a vicious attack against his own network’s parent company, Paramount Global, for settling Trump’s lawsuit over CBS’s deceptive editing of Kamala Harris’s “60 Minutes” interview. Colbert called the $16 million settlement a “big fat bribe” and declared “I don’t know if anything will repair my trust in this company,” essentially biting the hand that fed him for years.
President Trump celebrated the firing on Truth Social, writing “I absolutely love that Colbert got fired” and predicting that “I hear Jimmy Kimmel is next. Has even less talent than Colbert. Greg Gutfeld is better than all of them, including the Moron on NBC who ruined the once great Tonight show.”
Conservative Programming Dominates While Liberals Fail
Fox News Channel’s “Gutfeld!” has surged to become late-night’s highest-rated program, proving that conservative humor resonates with real Americans. In the second quarter of 2025, Greg Gutfeld’s show notched 3 million viewers and 365,000 in the 25-54 age demographic at 10 p.m., crushing liberal competitors who focus on Trump-bashing instead of actual entertainment.
Democrats Cry About “Political” Firing
Predictably, Democrat politicians like Adam Schiff and Elizabeth Warren immediately claimed Colbert was fired for “political reasons,” refusing to acknowledge that his show was simply a financial failure. Warren demanded “America deserves to know if his show was canceled for political reasons,” showing how Democrats can’t accept that their propaganda doesn’t sell to mainstream audiences.
Stephen Colbert’s firing proves that Americans are rejecting liberal media propaganda disguised as entertainment. When networks lose millions pushing anti-Trump hatred and woke talking points, it shows that conservative values are winning the culture war. Real comedy and entertainment don’t need to attack half the country—they bring people together, which is why conservative hosts like Greg Gutfeld are dominating while liberal propagandists like Colbert get shown the door.