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    Why Is Stephen Colbert’s ‘Late Show’ Getting Canceled?

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    Maybe the “Late Show” decision is purely financial. But after Paramount’s cave over “60 Minutes,” it is hard to trust.In 2005, on his satire “The Colbert Report,” Stephen Colbert coined the term “truthiness,” meaning a statement that was not actually true but represented a reality that the speaker wished to inhabit.In 2015, Colbert replaced David Letterman on CBS’s “Late Show,” which under him became one of the biggest and most prolific launchers of satirically guided missiles during the Trump era. In 2024, President Trump — who has repeatedly bemoaned his late-night coverage — said CBS “should terminate his contract.”Now, in 2025, CBS has said that it is canceling Colbert’s show at the end of its season, next May. Executives stressed, in the announcement, that the cut was “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.”Is that the truth, or merely truthy?There is good reason that CBS would need to offer that assurance. The network’s parent company, Paramount, just this month settled a lawsuit from President Trump, over the editing of a “60 Minutes” interview with Kamala Harris, for $16 million. At the same time, Paramount was hoping to close a multibillion-dollar merger with the company Skydance, which required the approval of the Trump administration.Many legal experts said the deal was an unnecessary concession in a frivolous case. At minimum it undermined one of TV journalism’s most accomplished independent voices. Some people called it “a big, fat bribe” — actually, those were Colbert’s words, in a blistering monologue a few days ago, which also mentioned speculation that CBS’s future owners might try to rein him in.Talk show hosts have bitten the hand that signs the contracts before; Letterman needled NBC and its then-parent, General Electric. But back then, the issues did not involve conflicts with a president willing to pull any necessary levers to punish and influence media outlets.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      in Television

      Fans React to Colbert ‘Late Show’ Cancellation With Puzzlement and Anger

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      Many questioned the timing of and motivation for the announcement, noting that Mr. Colbert hosted the most-watched show in late night television.The first people to hear that CBS was canceling “The Late Show With Stephen Colbert” reacted to the news loudly, and viscerally, with a chorus of “No!” that turned into a sustained round of boos.They were sitting in the audience in the Ed Sullivan Theater in Midtown Manhattan when an emotional Mr. Colbert announced the decision at the conclusion of the taping of his Thursday night show.Among those who were watching was Claire DeSantis, 29, who lives on the Upper West Side of Manhattan. After the show concluded, she said, Mr. Colbert told the audience there would be an alternate taping of the cold open.“I thought it was going to be a fun surprise,” she said.Instead, Mr. Colbert stumbled a few times on the opening line — “Oh hey, everybody!” — before delivering the announcement about the cancellation in a single take. Ms. DeSantis, who does not regularly watch the show and wanted to go for the experience, said she cried, but not everyone in the audience was in tears as they left the theater. She called her mother and roommate to tell them what had happened.“I thought this was a legacy show,” Ms. DeSantis said. “I was just really surprised that it’s just going away completely.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      in Movies

      David Ellison Poised to Become a New Mogul in a Diminished Hollywood

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      David Ellison is poised to soon run Paramount Pictures, among other entertainment assets. But what does that mean in a fractured cultural landscape?In 1994, when Sumner M. Redstone bought Paramount Pictures for about $10 billion, the equivalent of about $22 billion today, he did more than just take over a company. He ascended a cultural throne.Studios like Paramount — founded in the 1910s, operating soundstage complexes and controlling vast film libraries — were valuable businesses on the verge of hitting a mother lode: the DVD. Perhaps more important, however, they gave their owners a precious identity as certified members of the cultural elite.Movies still towered above everything. Top ticket sellers in 1994 included touchstones like “The Lion King,” “Schindler’s List,” “Interview With the Vampire,” “Mrs. Doubtfire,” “Philadelphia,” “Speed” and “Pulp Fiction.” In 1995, when “Forrest Gump” — a Paramount release — won the Oscar for best picture, more than 48 million Americans tuned in to watch.Those days are over.On Sunday, the Redstone family reluctantly relinquished Paramount, passing the studio to David Ellison, the tech scion behind a 14-year-old entertainment company called Skydance. If the complex deal closes, Mr. Ellison and his backers, which include RedBird Capital Partners, will spend roughly $8 billion on a collection of assets that include Paramount, CBS, two streaming services and a portfolio of cable networks, such as MTV, Nickelodeon, BET and Comedy Central.Considering the movie studio alone was worth $22 billion in 1994, it was not exactly a celebratory moment in Hollywood. Rather, it was another example of harsh reality intruding on a world that still likes to fantasize about recapturing its golden age. (Universal recently renovated its lot, adding a sign over one of its entrance gates that reads, “Welcome all who change the world.”)Sure, Mr. Ellison, 41, now ranks as a bona fide Hollywood mogul. But what does that even mean in 2024? His ascendance bears no resemblance to the robber barons like Mr. Redstone who came before him, partly because there is precious little left to rob.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More