Breaking down claim CBS was losing $40M a year on Colbert's 'Late Show'
Media Bias,Media Industry,Stephen Colbert,Media Freedom,Facts And Fact Checking
From the Left
AllSides Media Bias Rating: Lean Left
In July 2025, as some lawmakers and critics of CBS' decision to cancel "The Late Show with Stephen Colbert" questioned the network's motives, social media posts claimed the popular late-night show was losing at least $40 million per year.
"FACT CHECK: Stephen Colbert's show was canceled for no other reason than it was losing about $40-$50 million per year, despite Democratic claims that 'politics' played a factor," one Facebook post shared on July 19 read.
Check for Bias
The AI-powered AllSides Bias Checker instantly reveals the bias of a news article. Tap the button to use.
Related Coverage
AllSides Picks
News
Under-reported Stories About Gun Regulations, Trump’s War on Drugs, and Canada’s MAID Program Demand a Closer Look
Malayna J. Bizier
August 24th, 2026
.png.webp)
Bias
Tim Pool Says Journalists Should Say Elizabeth Warren is "Ignorant or Lying." I Disagree.
Julie Mastrine
August 12th, 2026
Headline Roundup
Trump's Plan to Import Beef Sparks Republican Pushback, Conspiracy Theories
August 25th, 2026
Headline Roundup
Americans Mourn the Death of Country Music Icon Dolly Parton
August 25th, 2026
