'Hello, Goodbye': Paul McCartney closed the lights on a Late Show that CBS couldn't cancel quietly The curtain fell on Stephen Colbert's 11 season tenure as host of The Late Show last Thursday, but the network's decision to cancel him is being spun as a "financial" one.
In reality, it's a tale of ratings driven programming and corporate pressures that have led to the decline of successful late night shows.
Colbert's show was the ratings leader in its time slot, yet it fell victim to economic forces similar to those that have affected other late night programs.