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[Satire] John Oliver Reacts To ‘The Late Show With Stephen Colbert’ Cancelation: “Terrible News For The World Of Comedy”

UNITED STATES, JUL 19 – CBS cites rising costs and declining ad revenue for canceling The Late Show, which lost $40 million annually despite a loyal audience averaging 2.42 million viewers, Nielsen data shows.

  • CBS confirmed that 'The Late Show with Stephen Colbert' will not be renewed for another season, labeling it a 'financial decision.'
  • The show has been losing $40 million a year since 2021, and Colbert's political stance was cited as a reason for its decline in viewership.
  • John Oliver expressed sadness about the show's end, calling it 'terrible news for the world of comedy.'
  • President Donald Trump claimed to be pleased with Colbert's cancellation, stating he 'absolutely loves' that Colbert was 'fired.
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John Oliver Reacts To ‘The Late Show With Stephen Colbert’ Cancelation: “Terrible News For The World Of Comedy”

Oliver said CBS' move was “Terrible News For The World Of Comedy”

·Los Angeles, United States
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US broadcaster CBS sets up the «Late Show» – satirist «Karpi» suspects political motives behind the surprising Aus.

·Zürich, Switzerland
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USA Today broke the news in United States on Friday, July 18, 2025.
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