On Thursday, Stephen Colbert announced that CBS has canceled “The Late Show with Stephen Colbert.” The Hollywood Reporter aptly described the decision to sunset the popular program in May 2026 as a “shocker.”
CBS, for its part, says that the decision to terminate the entire “Late Show” franchise — inaugurated 33 years ago by the iconic David Letterman — was “purely a financial decision against a challenging backdrop in late night.” And indeed, though Colbert’s “Late Show” is the highest-rated late-night show, such shows are struggling to maintain revenue and market share. We live in a social media age in which people, especially “The Youth,” consume comedy (and reality) differently. The format perfected and popularized by old heads like Johnny Carson and Letterman just doesn’t attract mass audiences who buy stuff anymore.
But although CBS insists the cancellation “is not related in any way to the show’s performance, content or other matters,” many viewers (and even some lawmakers) have a different theory of the case.
Many are wondering if the sudden dismissal of Colbert isn’t just about the bottom line.
On Monday, a mustachioed Colbert roasted CBS’ parent company Paramount over its $16 million settlement with the Trump administration about the way the program “60 Minutes” edited an interview with then-Vice President Kamala Harris. The host described this capitulation to what he termed a “nuisance lawsuit” as “a big fat bribe.” Why a “bribe?” Because Paramount is seeking FCC approval for its megamerger with the movie studio Skydance. That would be the same FCC beholden to the whims of one Donald J. Trump.
Colbert made that joke on Monday. On Wednesday, Colbert’s bosses informed him that the show was canceled. On Thursday he broke the news.
Understandably, then, many are wondering if the sudden dismissal of Colbert isn’t just about the bottom line. Now factor in that Colbert has been roasting Trump for a long time. In fact, it could be argued that Colbert was quicker than most comedians to recognize the unique threats to liberal democracy presented by Trump and the MAGA movement. It could also be argued that Trump and the MAGA movement recognized the unique threats to their legitimacy and cultural hegemony presented by comedic critics who broadcast to massive audiences.
It didn’t help CBS’ case when Trump “truthed” the following statement Friday: “I absolutely love that Colbert’ got fired. His talent was even less than his ratings. I hear Jimmy Kimmel is next. Has even less talent than Colbert! Greg Gutfeld is better than all of them combined, including the Moron on NBC who ruined the once great Tonight Show.”
While I think there is some merit to the network citing the bottom line, it’s difficult to look at Colbert’s sudden termination and think politics played no role. Besides, there is ample precedent for massive corporations compromising their commitment to comedic free speech in order to preserve and expand their markets. In 2018, on his Netflix show “Patriot Act,” Hasan Minhaj, excoriated Saudi Arabia and its crown prince for their role in the killing of journalist Jamal Khashoggi. After the Saudi government told Netflix the episode violated the kingdom’s anti-cybercrime law, the company removed that specific episode in Saudi Arabia.








