“You know, these legacy shows, like they are hemorrhaging money with no real end to that in sight,” she told the host, comedian Tom Papa<\/a>.<\/p>\n SCHIFF, WARREN DEMAND TO KNOW IF CBS IS ENDING STEPHEN COLBERT’S \u2018LATE SHOW\u2019 FOR \u2018POLITICAL REASONS\u2019<\/a><\/p>\n Ex-late-night host Samantha Bee, a fierce critic of President Trump, admitted this week that Colbert’s CBS show is getting canceled because it’s “hemorrhaging” money and viewers. (Reuters)<\/p>\n CBS announced earlier this month that it would cancel<\/a> “The Late Show” next May at the end of its broadcast season, clarifying that the cancellation was “purely a financial decision against a challenging backdrop in late night.”<\/p>\n A report from Puck News journalist Matt Belloni revealed that Colbert\u2019s show lost “more than $40 million a year.”<\/p>\n Many prominent liberals and Democratic figures have speculated the network had cut the show for political reasons, a notion both Papa and Bee said could be the case, but they also admitted that the show was a financial drain that no one was watching.<\/p>\n Papa said, “I mean the show loses $40 million a year.”\u00a0<\/p>\n “Yep,” Bee replied.<\/p>\n “So that\u2019s a reality,” the host said. Bee agreed: “That\u2019s a reality.”<\/p>\n TWITTER BIDS GOODBYE AND GOOD RIDDANCE TO SAMANTHA BEE’S TBS SHOW: \u2018THE DEATH OF COMEDY IN ONE SHOW\u2019<\/a><\/p>\n CBS announced earlier this month that it would cancel Stephen Colbert\u2019s “The Late Show” next May at the end of its broadcast season.\u00a0 (Screenshot\/CBS)<\/p>\n “The parent company is trying to curry favor with the president. So that\u2019s a reality,” he added.<\/p>\n Bee replied, “Yeah, I think both things are true. I think both things are just true and real. Like it definitely was hemorrhaging money.”<\/p>\n Papa agreed and Bee continued, saying that “legacy shows” like Colbert\u2019s and other late-night hosts\u2019 are floundering financially.<\/p>\n She then went on to note that people are not watching these shows like they used to.\u00a0<\/p>\n “People are just not tuning in remotely, comparatively to how they used to. Well, people are literally on their phones all the time for one thing, so they don\u2019t necessarily need a recap of the day\u2019s events. They\u2019re very well-versed in what has happened,” Bee added.<\/p>\n CLICK HERE FOR MORE COVERAGE OF MEDIA AND CULTURE<\/a><\/p>\n Referencing the popular Netflix thriller “Squid Games,” Bee quipped that people would “really rather watch like people just absolutely murder each other in a South Korean game show \u2013\u00a0just like watching people fall off cliffs to relax at night before nodding off.”<\/p>\n![\"Samantha](\"https:\/\/a57.foxnews.com\/static.foxnews.com\/foxnews.com\/content\/uploads\/2022\/07\/1200\/675\/SAMANTHA-BEE-UPFRONT.jpg?ve=1&tl=1\")
<\/p>\n![\"Stephen](\"https:\/\/a57.foxnews.com\/static.foxnews.com\/foxnews.com\/content\/uploads\/2024\/11\/1200\/675\/colbertpostelectionjpg.jpg?ve=1&tl=1\")
<\/p>\n