Rumors about the $40 million annual losses appeared to stem from reports published by a media outlet called Puck and the New York Post.

Fans protesting the cancellation of “The Late Show with Stephen Colbert” on Thursday appeared to be unaware that the network lost $40 million on the program. CBS announced July 17 that Colbert’s show would end in May 2026,

T he abrupt cancellation of "The Late Show With Stephen Colbert" has left critics crying foul. The show had never shied away from acerbic political barbs, leading some to wonder i