CBS Cancels Stephen Colbert’s Show Amid Audience Decline and Political Controversy

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Source: Variety
TL;DR Summary

CBS is ending its long-running 'Late Show' with Stephen Colbert next May due to declining ad revenue, changing viewer habits, and increased costs, marking a significant shift in the late-night TV landscape. Despite Colbert's strong relationship with CBS, the network is shifting away from traditional late-night formats amid broader industry cost-cutting and audience shifts, leaving a notable gap in the late-night lineup.

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