“This is pure cowardice,” Letterman said. “They did not do the correct thing. They did not handle Stephen Colbert — the face of that network — in the way he deserves to have been handled.”

Loss of Stephen Colbert’s show is another sign of how we are losing our shared ties.

In 2024, Paramount’s broadcast and cable television business had an operating income of about $4.3 billion, down roughly 9 percent from the $4.8 billion it made the year before.

“Over the weekend it sunk in that they’re killing off our show,” Stephen Colbert reflected at the top of The Late Show on Monday, following a tempest of outrage over CBS’s suspiciously timed cancellat...

Organized by the Progressive Change Campaign Committee, they criticized Paramount’s decision as “blatantly political.”