CBS announced the cancellation of The Late Show with Stephen Colbert, effective next spring. Joe Concha called for the show to end immediately, citing Colbert's declining ratings and high operational costs. The show is reportedly losing $40 million annually, while Colbert earns $20 million a year. Colbert's increased criticism of Paramount has contributed to his viewer loss, which is now over a million per night compared to rival Greg Gutfeld. Following Colbert's cancellation announcement, President Trump celebrated and criticized Colbert’s talent.
"Losing on a nightly basis, Jon, by about a million losers to Greg Gutfeld. And Gutfeld on Fox News has a fraction of the resources that Stephen Colbert has."
"These are unsustainable numbers, especially as The Late Show is losing $40 million a year. The host that you see on your screen gets paid $20 million a year."
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