"It isn’t the end of Colbert," Galloway wrote. "It’s the end of late-night TV. Colbert’s Late Show reportedly has been losing more than $40 million a year for CBS, with a budget of $100 million per season and about 200 employees." Galloway compared those economics to those of his own company.

CBS will end "The Late Show with Stephen Colbert" and retire "The Late Show" franchise in May 2026, the company announced Thursday.

The news came shortly after Colbert spoke against CBS’s parent company, Paramount, for agreeing to pay $16 million to settle a lawsuit filed by Donald Trump over a 60 Minutes segment. While many suspected the president was behind the firing, he denied the claim, taking to his Truth Social, where he wrote:

U.S. President Donald Trump continued his criticism of primetime talk show hosts Jimmy Kimmel and Jimmy Fallon, while saying that he had no role in the recent cancellation of a popular show hosted by Stephen Colbert,

Samantha Bee is not convinced that Paramount decided to end The Late Show only to please Donald Trump, saying Tuesday that Stephen Colbert’s show was “hemorrhaging money.” “It’s so much easier for them to cut it loose with this merger coming down the pike,

Since then, Colbert has been ripping into Donald Trump with renewed relish, often while also flaying CBS and its parent company, Paramount. By doubling down on attacking his most powerful enemy, at a time when network execs are facing such intense scrutiny for what many believe was a politically motivated firing,

Piers Morgan ruthlessly mocked Stephen Colbert over the cancellation of his CBS show during an appearance on Fox News' Outnumbered.

So they want CBS to take care of all of that mess.” In his interview with EW, Odenkirk sets aside the mess to opine, “Here’s the one thing I’m not remotely concerned about: not having Stephen Colbert do excellent work for the rest of his life as long as he wants to.