The 'Late Show' was axed this week and according to reports, was losing up to $40million a year - a figure bosses at CBS ultimately decided was unsustainable for its best-known show. Advertising ...

The cancellation of The Late Show with Stephen Colbert has sparked a firestorm of speculation, especially given the timing: it came just three days after Colbert publicly criticized CBS's parent ...

Whether or not politics were at play, the late-night format has been struggling for years, as viewers increasingly cut the ...