Critics Doubt CBS Claim That Finances—Not Politics—Are Behind 'Late Show' Cancellation

U.S. Sen. Elizabeth Warren was among those calling into question the official story behind CBS' cancellation of "The Late Show with Stephen Colbert" on Thursday—suggesting that the decision to end the show's 32-year run wasn't driven by finances but by "political reasons."

The announcement from CBS executives came just three days after Colbert spoke out on his show about a recent $16 million settlement reached by CBS parent company Paramount over an interview that "60 Minutes" aired with former Vice President Kamala Harris ahead of the 2024 election, in which Harris ran against President Donald Trump.

Colbert had told his audience that the settlement appeared to be a "big fat bribe" to end a "nuisance lawsuit."

"This all comes as Paramount's owners are trying to the get the Trump administration to approve the sale of our network to a new owner," said Colbert, referring to a pending $8.4 billion merger with the entertainment company Skydance—whose billionaire founder, David Ellison, has been spotted with Trump in recent months.

Warren (D-Mass.) said Thursday that the public "deserves to know if [Colbert's] show was canceled for political reasons."

Trump's lawsuit against Paramount claimed the Harris interview was deceptively edited and amounted to "partisan and unlawful acts of election and voter interference," allegations that legal experts and First Amendment scholars denounced as "ridiculous" and "dangerous."

After the settlement was announced earlier this month, with Paramount pledging to release transcripts of future "60 Minutes" interviews with presidential candidates, one press freedom group condemned the company for "capitulating" to the president's demands.

CBS executives appeared to preemptively respond to expected allegations that they were canceling Colbert's show due to his criticism of the settlement—and his frequent rebukes of the president—saying the decision, effective in May 2026, was "purely a financial" one.

"It is not related in any way to the show's performance, content, or other matters happening at Paramount," they said.

Sen. Bernie Sanders (I-Vt.) expressed doubt that the end of Colbert's show, days after he spoke out against his parent company's legal decision, was "a coincidence."

Media critics joined lawmakers including Sanders and Warren in expressing skepticism.

"'The Late Show' isn't dying because people stopped watching late-night TV," wrote Parker Molloy at The New Republic. "It's being murdered because Stephen Colbert spent the last decade being one of Trump's most persistent critics on network television, and the billionaires about to take over CBS need Trump's approval for their merger."

Anonymous "Late Show" staffers also told The Independent they believed the cancellation of the show was "part and parcel of the Trump shakedown settlement."

Political scientist Norman Ornstein called the impending end of "The Late Show," considering the surrounding circumstances, "a terrible sign for democracy."

"There's only one reason to do this, and we know what it is," said Ornstein. "The same reason that this disgraceful excuse for a network succumbed to blackmail from Trump over the '60 Minutes' interview."

Trump, whose Federal Communications Commission is still deciding on approval of the merger, weighed in on Friday regarding the show's cancellation, saying in a social media post, "I absolutely love that Colbert got fired," and criticizing other late-night comedians who have taken aim at him.

As Status News reported after the Paramount settlement was announced, speculation has increased that comedian Jon Stewart, who co-hosts "The Daily Show"—where Colbert spent several years—could also "soon be silenced" after publicly criticizing the settlement. That show airs on Comedy Central, which is owned by the CBS parent company.

"Inside 'The Daily Show,' I'm told staffers have taken pride that Stewart showed once again he is willing to stand up to powerful interests, even if it potentially risks his future employment," wrote Oliver Darcy. "And while they may not yet know it, inside certain power circles, there is an open question: How much longer will Stewart have this platform?"

MSNBC anchor Chris Hayes said Friday that it is not "an overstatement to say that the test of a free society is whether or not comedians can make fun of the country's leader on TV without repurcussions."