He was losing CBS $40 million a year

The Corner: "Ultimately, Math Ended The Late Show with Stephen Colbert."

You can be like Chris Hayes, Brian Stelter, Vox, The New Republic, Adam Schiff, Bernie Sanders, Elizabeth Warren, and other progressives, and choose to believe you live in a world where the ending of The Late Show is a sinister plot by spineless, cowardly corporate executives who are terrified of irking President Trump and who desperately want the Federal Communications Commission to approve the merger of CBS’ parent company, Paramount Global, with Skydance Media. (And, it should be noted, Colbert’s choice to  turn the show into a four-nights-a-week version of the speaker list at the quadrennial Democratic National Convention.)  That is a dramatic world, with noble heroes and dastardly villains, plotting against the interests of the public, punishing a brave comedian, smashing dissent, and bending the knee in obedience to a ruthless, vindictive, power-mad president.

Or you choose to believe you live in a world where the ending of the show is a reflection of the fact that CBS was losing $40 million each year on the show, as the Wall Street Journal reports today. And as much fun as it would be to blame Colbert for being greedy and making the show unprofitable with his $20 million per year salary, with numbers like that, the show would still be unprofitable even if he worked for free.

What interesting about all these eulogies for Colbert is that nobody is saying "he was funny."  Instead it's all the usual "truth to power" claptrap that the Left loves to imagine gives them credibility.  It was never a comedy show that people wanted to watch; it was a therapy session for TDS.