Let’s not mince words: CBS didn’t cancel The Late Show because of "financial challenges." They canceled it because Stephen Colbert took a sledgehammer to the franchise’s legacy and turned it into a nightly MSNBC focus group. The network’s press release is a masterclass in corporate cowardice:

"This is purely a financial decision against a challenging backdrop in late night... It is not related in any way to the show's performance, content or other matters happening at Paramount."

Translation: "The Titanic’s sinking had nothing to do with the iceberg—it was a purely nautical decision."

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