News

Stephen Colbert’s ‘Late Show’ Was Losing Millions at CBS Before Cancellation

NYT > Business > Media · John Koblin · last updated

Stephen Colbert’s announcement on Thursday night that “The Late Show” was being canceled by CBS stunned the entertainment industry, the public and even his staff.

But the writing had been on the wall for some time.

Related Knowledge Center: State of the business model

State of Play

The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.

Artificial intelligence


More informationabout State of the business model

Related Knowledge Center: The CBS submission

State of Play

Corporate pressure has led to capitulation by CBS News in a number of conflicts with the Trump regime — including its newly ideological coverage philosophy.

The White House vs. the press


More informationabout The CBS submission