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.

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

Sandra Oh criticized CBS and Paramount during her appearance on 'The Late Show with Stephen Colbert' on July 21 after its cancellation was announced. The network said it was "a financial decision," but the news came days after Colbert criticized Paramount for its $16 million settlement with President Donald Trump.

Byron Allen may have the last laugh when it comes to late-night television on CBS. As the network exits the world of late-night with the cancellation of The Late Show with Stephen Colbert, which is ending in May,

On a recent episode of SiriusXM’s Andy Cohen Live, the Watch What Happens Live host cast doubt on the network’s purported financial motivation in a new way. Citing Matt Belloni’s claim on Puck News that The Late Show was losing more than $40 million a year for CBS,

Seth Meyers also reacted among other prominent political figures and Hollywood stars sharing their disgust over the news that 'The Late Show With Stephen Colbert' will end its run in 2026, including Julia Louis-Dreyfus,