“This thing is losing money left and right,” said one person close to Skydance. “I hear it’s on the way to lose more than $50 million and they would have killed it sooner if they were in charge. This guy pisses off more than half the country.”

On July 17, CBS News announced it will cancel "The Late Show With Stephen Colbert " in May 2026, in what was described as a purely financial decision unrelated to the show's content. President Donald Trump - whom Colbert frequently skewers in monologues - quickly weighed in on the decision.