The Elliot Omanson Show

The Real Reason Colbert Was Canceled (It Wasn’t Trump)


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Was Stephen Colbert really canceled over politics… or was it just bad business?

 

If you listen to the media narrative, you might think Colbert was forced out after calling Trump’s $16 million settlement with Paramount “a bribe.” Just days later, he announced The Late Show would officially end in May 2026.

 

But here’s the truth: the show has reportedly been losing $40 million a year — with Colbert pulling in a $15 million salary. That kind of math doesn’t work forever.

 

This episode breaks down the real reasons behind Colbert’s cancellation, the Trump–Paramount payout, and how the media spins stories to fit an agenda. We also dig into Hunter Biden’s wild takes on immigration and Trump. Let's put it this way — he is not a fan of Trump.

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The Elliot Omanson ShowBy Elliot Omanson