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Portnoy on ‘Arrogant’ Colbert’s Cancellation: ‘What Did You Think Was Going to Happen?’

NEW YORK, UNITED STATES, JUL 20 – CBS ended The Late Show due to annual losses of $40 million to $50 million despite strong ratings and political relevance, amid a steep decline in advertising revenue.

  • Last week, CBS announced it was ending The Late Show with Stephen Colbert, with its final episode set for May 2026.
  • CBS’s Late Show lost $40–50 million a year, driven by a steep advertiser decline despite top ratings, according to a report by the New York Post.
  • Many Democrats questioned whether the decision was influenced by the Trump deal, and Senator Elizabeth Warren claimed it resembled a bribe.
  • Late-Night peers offered mixed reactions on social media, with John Oliver calling it `terrible news for the world of comedy`.
  • Industry watchers predict Kimmel and Fallon could inherit Colbert’s audience, as fans expect both to gain viewers after CBS retires the 11:35 p.m. slot.
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68 Articles

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Keith Olbermann Rejects Theory Stephen Colbert Was Fired for Political Reasons

'The Late Show' will air its final episode in May 2026.

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Colbert’s first post-cancellation ‘Late Show’ is tonight — will he speak out against CBS?

Network late-night shows have been losing viewers for years, but Colbert‘s program is primed for a ratings bump right now.

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The Post Millennial broke the news in Toronto, Canada on Saturday, July 19, 2025.
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