CBS cancels 'Late Night with Stephen Colbert
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In a decision that shocked the entertainment industry and comedy world, CBS said on Thursday that it was canceling the most-watched show in late night, “The Late Show With Stephen Colbert,” and ending a franchise that has existed for more than three decades.
A joint statement from Co-CEO Paramount Global and President and Chief Executive Officer George Cheeks, CBS Entertainment President Amy Reisenbach, and CBS Studios President David Stapf addressed why The Late Show was so suddenly cancelled: