Stephen Colbert announced CBS will cancel The Late Show after 33 years, leaving many shocked. Despite high ratings, the show faces financial losses, averaging 2.47 million viewers nightly. Its ad revenue plummeted post-pandemic, costing CBS $40 million annually. The landscape of late-night comedy suffers as programs face cancellation, reflecting broader shifts in viewer habits and corporate strategies, particularly highlighted by Colbert's recent criticisms of parent company CBS during a lawsuit settlement with Donald Trump.
The cancellation of The Late Show after 33 years, announced by Stephen Colbert, signals a cultural disillusionment and financial woes amid shifting viewer preferences.
Despite leading ratings for years, The Late Show averaged 2.47 million viewers a night and faced significant financial losses, prompting CBS's decision.
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