Stephen Colbert, Canceled
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Rumors about the $40 million annual losses appeared to stem from reports published by a media outlet called Puck and the New York Post.
A new report from Puck's Matt Belloni is shedding light on the finances that led to CBS' bombshell cancellation of "The Late Show with Stephen Colbert."
The cancellation from CBS comes after Colbert criticized his parent company on-air for their $16 million settlement with Trump.
Last week, Donald Trump claimed he 'absolutely loves' the fact that Stephen Colbert's long-standing talk-show has been axed, and now, the presenter has issued a damning three-word statement in response.