Stephen Colbert announced that The Late Show is being cancelled by CBS, citing financial reasons. However, suspicions arose regarding political motivations behind the decision, especially after CBS's owner settled a lawsuit with Trump. Democratic Senator Adam Schiff raised concerns that the cancellation may be politically motivated, emphasizing the public's right to know. Veteran journalist Marvin Kalb warned that the Skydance takeover could threaten CBS's journalistic integrity, particularly impacting investigative reporting on Trump, suggesting tighter editorial control moving forward.
Kalb perceives the Skydance takeover as a threat to CBS's journalistic independence and moral integrity and fears that this time it will buckle.
The CBS network insisted that it had made a purely financial decision to wind up The Late Show next year.
Adam Schiff tweeted: If Paramount and CBS ended the Late Show for political reasons, the public deserves to know.
Earlier this month CBS's owner, Paramount Global, reached a $16m settlement with Trump, removing a potential obstacle to the company's $8bn sale.
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