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CBS TV chief broke public silence to decide to cancel the Stephen Colbert“Echoing the key points of Thursday’s conversation, the plan will be closed for economic reasons.
George Cheeks, the president of Paramount of TV Media, talked about the cancellation of Colbert’s performance at a press conference after a long-term merger ended, which puts the CBS parent company behind new ownership. Cheeks is one of the few executives who have stuck with the previous regime after the Skydance Media merger, and when it comes to deciding to cancel the program, oversee all CBSs for CBS.
“We are big fans of Colbert and we love this show. Unfortunately, economics keeps us moving forward and it’s a challenge.”
CBS cancels Stephen Colbert, ending May 2026
“Last show with Stephen Colbert” will end in May 2026. (Screen shot/Colbert)
“The challenge of late night is that the secular decline in the advertising market is huge,” Cheeks continued.
It was purely a financial decision in a challenging context when announcing a surprising plan late at night.
Colbert from David Letterman In 2015, he famously participated in liberal politics during the Trump era and became the main platform for democratic politicians.
Colbert once Talking bluntly Handled “60 Minutes” interview with then-VP Kamala Harris through CBS in a lawsuit against the company by Paramount settled President Donald Trump. Paramount settled the lawsuit last month, and the FCC soon approved a long-term plan with Skydance, a $8 billion merger.
The most important chairman of the TV media George Cheeks. (Kristina Bumphrey/Variety by Getty Images)
Many questioned the decision, showing it was intended to appease Trump and the FCC, but everyone involved pointed out the bottom line of the show from the outset.
“It has nothing to do with the performance, content or other matters of the show,” the network said.
Puck News’ Matt Belloni reported on CBS’ late night show “loss over $40 million per year” and the budget “over $100 million per season.”
When the public silence was broken, the cheek did not confirm the exact amount, but admitted that “late” was losing a lot of cash.
“At the end of the day, continuing is unsustainable,” he said.
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Joseph A. Wulfsohn of Fox News Digital contributed to the report.
