Rumors about the $40 million annual losses appeared to stem from reports published by a media outlet called Puck and the New York Post.

David Letterman is subtly showing support for his successor Stephen Colbert after CBS' shock cancellation of "The Late Show."

Jon Stewart pulled no punches Monday over CBS’s cancellation of Stephen Colbert’s late-night show. During Monday night’s broadcast of “The Daily Show,” Stewart’s first since Colbert on Thursday shared that “The Late Show” would not return beyond May 2026, the late-night veteran lambasted CBS for canceling the program.