Stephen Colbert’s show costs more than $100M a year to produce and is losing more than $40M a year. CBS execs had been mulling for a long time whether to pull the plug.

The timing and optics are terrible, but Stephen Colbert’s show costs more than $100M a year to produce and is losing more than $40M a year. CBS execs had been mulling for a long time whether to pull the plug. Details ⬇️⬇️ https://t.co/gjSuazpef9

— Matthew Belloni (@MattBelloni) July 18, 2025