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It Really Was Losing Money

It Really Was Losing Money

Cancellation of Colbert’s Late-Night Show Discussed by Samantha Bee

Comedian Samantha Bee, who previously hosted a show on TBS after her stint on Daily Show, recently shared her thoughts on CBS’s decision to cancel Stephen Colbert’s late-night program. She noted that it was clear why they made that choice, as the show was experiencing significant financial losses.

On the podcast, Bee remarked that CBS may have had reasons related to an upcoming merger, suggesting that pleasing the current administration could be a motivating factor. She highlighted that Colbert’s show lost about $40 million annually, which is a staggering amount against a $100 million budget while employing a crew of 200 people.

Bee elaborated, saying, “I think both situations are valid. It really was losing money. These traditional shows are in a constant state of financial drain.” She also expressed that today’s audiences are often aware of current events and might not need a comprehensive summary every night. She said it seems they’d rather tune in to reality shows or simply watch entertaining mishaps, like people falling off cliffs.

Nonetheless, she didn’t completely dismiss the idea that corporate mergers might influence such decisions. Her previous experience with TBS also showed signs of similar pressures around the time of a merger. “When the president has to approve a corporate deal, making a joke about him becomes tricky. He’s sensitive to that,” she noted.

Bee suggested that as mergers loom, these kinds of tough calls become easier for executives to make, adding, “Making such a decision seems straightforward, though the pain might come from figuring out how to frame it publicly.”

Following the news, CBS attributed the show’s cancellation to financial reasons. An executive stated that Colbert would retire from the franchise in May 2026, referring to his contributions as significant but emphasizing the necessity of this decision due to financial challenges in late-night programming, independent of the show’s content or Paramount’s controversies.

This change comes shortly after Colbert criticized a substantial settlement involving the parent company related to a merger, labeling it as a significant payoff. Some critics viewed the cancellation as politically motivated, emphasizing that Colbert faced a significant financial burden while maintaining a large crew.

In a humorous yet biting response, the former president expressed pleasure over Colbert’s cancellation, suggesting he felt the comedian’s talent was overrated compared to his contemporaries.

Colbert’s retort to the president was anything but subtle, demonstrating an ongoing tension that highlights the complexities of comedy in a politically charged atmosphere.

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