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I wonder if he's just too expensive to justify? Don't get me wrong, I used to be the biggest Colbert fan in the whole world. I've even seen him live four times. But I haven't watched his show in probably… 10 years? And I'm his absolute target demographic. When he went away from the politics stuff, he lost me and a lot of other millennials.
I think there is a 0 chance that it's financial considering the numbers it's bringing in. It's entirely part of the politics of that country.
It wasn't financial at all. https://www.politico.com/news/2025/07/18/cbs-cancels-stephen-colbert-00462089
Colbert’s cancellation feels like a signal that traditional late-night TV is no longer financially viable. Networks are chasing short-term gains, and the creative space is shrinking. If this trend continues, more jobs will absolutely be at risk.