Stephen Colbert announced the cancellation of The Late Show, attributing it to CBS's financial losses, especially after a $16 million settlement with Donald Trump. In response, Colbert criticized CBS during his show, suggesting the cancellation was a direct consequence of his previous strong commentary against the settlement. He questioned how the decision could be purely financial given the show's high ratings, addressing the audience about the irony of the circumstances. He used humor to mock the situation, including suggestions that the show's location might be turned into a storage facility.
People have been speculating about the timing of this decision from Paramount... I mean obviously CBS saw my upper lip and boom cancelled. Coincidence? Oh, I think not. This is worse than fascism. This is stashism.
CBS, our network CBS, who I want to reiterate have always been great partners, clarified that the cancellation was purely a financial decision. But how could it purely be a financial decision if The Late Show is number one in ratings?
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