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

Fox News host Greg Gutfeld is the ratings king of late night with 3.1 million average viewers, despite what Stephen Colbert may be telling his audience.

CBS is canceling “The Late Show With Stephen Colbert” next May, shuttering a decades-old TV institution and removing from air one of President Donald Trump's most prominent late-night critics.

John Oliver is calling the cancellation of The Late Show With Stephen Colbert “incredibly sad.” While speaking to reporters over the weekend, Oliver was asked his thoughts about the news, which CBS revealed in a surprise announcement on Thursday. A daily brief about what matters and what's interesting in Hollywood.

CBS could not figure out a path to profitability in an entertainment world increasingly dominated by streaming.

O'Donnell, a recent target of the president's threats, sounded the alarm on the network's stunning "Late Show" decision.

The cancellation of Stephen Colbert’s late-night show is apparently a sign of what’s to come for America’s media industry. Speaking with CNBC Friday, Federal Communications Commission Chairman Brendan Carr blamed the comedy show’s demise on a lack of profitability,