Stephen Colbert’s 3-Year Contract Was Another Big Factor When CBS Canceled The Late Show. A Head Honcho Got Real About Lesser-Known Details

George Cheeks, who became Chair of TV Media following the merger’s finalization, addressed a significant factor contributing to the network’s decision to discontinue “The Late Show” after its upcoming 11th season during a press conference post-merger (as reported by Deadline). At this event, Cheeks initially hinted at the substantial financial losses “The Late Show” was facing annually, though he did not explicitly confirm the $40 million/year losses mentioned by others. Later, he delved into contractual aspects, stating:
1) “The Late Show” was incurring significant financial losses each year.
2) The specific amount of annual loss wasn’t precisely confirmed but approached $40 million as reported by others.
3) Cheeks then discussed the contractual issues related to the show’s termination.







