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Stock impact report

2025 lookback: CBS pulls plug on Stephen Colbert's liberal late-night show, shocking media industry [FOX News]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: FOX News
He was once the king of late night. But not only did he lose his crown, he's also losing his show. Stephen Colbert has been the face of "The Late Show" ever since his predecessor, David Letterman, stepped down in 2015. Colbert transformed CBS' long-running late night show into #Resistance television, dedicating monologue after monologue to attacking President Donald Trump, elevating Democrats and boosting their agenda. However, it was no laughing matter for liberals when CBS announced in July that it had canceled "The Late Show with Stephen Colbert " and that it will officially be off the air in May 2026. Colbert's far-left fans were undoubtedly upset that their beloved Trump foe was being pulled off the air, accusing Paramount of bending the knee to an authoritarian. Trump rubbed it in by celebrating the move, writing on Truth Social, "I absolutely love that Colbert got fired." It was the timing, however, that turned the cancellation into a controversy. Colbert had recentl Show less Read more
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