CBS Touts Major Profit Gains by Canceling Stephen Colbert’s Late Show

According to a CBS representative, the cancellation of The Late Show was due to its high production costs. The network anticipates a $15 million profit with its new late-night programming strategy. The representative explained that The Late Show with Stephen Colbert cost CBS around $40 million annually, but they expect the new show, Comics Unleashed, to turn things around and bring the network back into profitability, even though it faces a significant challenge.







