CBS is canceling the entire Late Show franchise, including the version hosted by Stephen Colbert, primarily due to financial issues. Colbert announced this news during a live taping, expressing that it shocked both him and the audience. CBS executives clarified that this decision was not influenced by the show's performance, stating it is strictly a financial move amid broader challenges in late night television. Despite Colbert's strong ratings, leading his time slot with 2.4 million total viewers, the network is prioritizing financial realities over viewership success.
CBS's decision to cancel the Late Show franchise is driven purely by financial concerns, amid tough circumstances for network TV and late night programming.
Colbert announced the cancellation live, revealing it was not just his version but the entire franchise that began in 1993 with David Letterman.
Despite dominating his time slot with 2.4 million viewers, CBS executives indicated that the decision was not influenced by performance or content.
CBS's executives emphasized that their decision to cancel the Late Show was unrelated to Paramount Global's acquisition process, focusing instead on financial realities.
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