CBS cancels Stephen Colbert's show
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CBS’ decision to cut ties with Stephen Colbert and its decades-old “Late Show” franchise come next May will leave a major hole in the format — but one that has been widening. TV networks have been cutting costs at their late-night mainstays for the past few years.
It’s a big fat bribe.” Jon Stewart of Comedy Central’s “The Daily Show” followed suit, calling the settlement “shameful.” Both hosts, who work for Paramount Global the parent company of both CBS and Comedy Central,
"Next year will be our last season,” the late-night talk show host announced Thursday, July 17. "The network will be ending 'The Late Show’ next May."