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

Fox News host Greg Gutfeld is the ratings king of late night with 3.1 million average viewers, despite what Stephen Colbert may be telling his audience.

Byron Allen may have the last laugh when it comes to late-night television on CBS. As the network exits the world of late-night with the cancellation of The Late Show with Stephen Colbert, which is ending in May,

The president’s post comes after CBS unexpectedly canceled Stephen Colbert’s “The Late Show” last week. In response to the cancellation, Trump initially wrote, “I absolutely love that Colbert got fired. His talent was even less than his ratings. I hear Jimmy Kimmel is next. Has even less talent than Colbert!”

On a recent episode of SiriusXM’s Andy Cohen Live, the Watch What Happens Live host cast doubt on the network’s purported financial motivation in a new way. Citing Matt Belloni’s claim on Puck News that The Late Show was losing more than $40 million a year for CBS,

Seth Meyers also reacted among other prominent political figures and Hollywood stars sharing their disgust over the news that 'The Late Show With Stephen Colbert' will end its run in 2026, including Julia Louis-Dreyfus,