CBS cancels the Late Show, claims they're bleeding money. The reality is, they're about to merge with a company owned by a friend of the president

 May 2026 not only sees the end of Stephen Colbert's current contract with CBS, but the end of The Late Show after 33 years. Colbert moved in when David Letterman retired in 2015 after 12 seasons.

Published reports have cited statistics claiming that the top-rated late night program is losing money, to the tune of about $40 million due to "rising production costs". That this comes days after Paramount Global settled a lawsuit with president Trump over a 60 Minutes piece that aired in October, however, suggests that this was more of a capitulation to the most immature chief executive in history.

Skydance Media, which is seeking to acquire Paramount Global, is owned by David Ellison, whose father, Larry, is a long time friend of Trump. Paramount wants this merger to go through, and needs approval from Trump and the White House.

Colbert explains what happened.

Unsurprisingly, Trump took a victory lap, gloating about this.

Couple this with the fact that Congress just approved legislation that would defund National Public Radio and PBS, just because President Onions thinks they skew too far to the left, and you start to wonder what happens next.

We know this. Trump doesn't know how to take criticism without complaining. For a man who claims to be a Christian, he doesn't do what Jesus taught his followers back in Biblical times. Turn the other cheek. Trump never has any "receipts" to verify his claims, and just expects his followers to nod like bobbleheads.

Let's remind that Irwin Shaw titled his sequel to Rich Man, Poor Man as Beggarman, Thief. Which of those terms best describes the president? I think we know the answers.