The Late Show with Stephen Colbert's $40 million annual losses led to its cancellation according to two liberal media columns, dismissing political motivations.

In the wake of Colbert's cancellation, TheWrap spoke to industry insiders to figure out what late night's future may look like.

Since Stephen Colbert announced that the "Late Show" was canceled, viewers and industry insiders alike have been quick to offer dueling explanations.

Stephen Colbert's 'The Late Show' was recently canceled, marking a significant moment in late-night TV's struggle for survival. The decision follows Colbert's allegations against the network's owner regarding political bribery,

CBS parent Paramount insists that this week's decision to cancel Steven Colbert's “Late Show” was strictly financial, and had nothing to do with politics.

That’s where Stephen Colbert comes into play. The liberal equivalent of talk radio took over not just a pair of cable news networks, but also invaded late-night television: the one-sided ridicule of politicians based on party, the revolving door of guests from the same political persuasion, the relentless mockery of the political outgroup.

When President Donald Trump isn’t busy conducting the typical business that comes with being the commander-in-chief, he has time to report on the television business.On Tuesday morning, Trump claimed that late-night hosts Jimmy Kimmel and Jimmy Fallon are soon to be fired from their shows on ABC and NBC,