CBS Boasts $55M Win After Colbert Axe, But Viewers Vanish

CBS is under fire after publicly celebrating a reported $55 million financial turnaround following the cancellation of Stephen Colbert's 'Late Show'. The network praised its new late-night model with Byron Allen's 'Comics Unleashed', claiming it transformed a costly time slot into a profitable one. However, the victory lap comes as early ratings show a dramatic audience drop compared to Colbert's farewell episode. The controversy has reignited questions about whether CBS truly canceled Colbert for financial reasons, especially after his public criticism of Paramount's Trump settlement. Here's why the network's latest comments are sparking fresh backlash across media and politics.