Commentary

And Now For Our Next Guest: The Demise Of Late-Night TV

The glory days were already long past for late-night TV when CBS announced last week that it was pulling “The Late Show” after 33 years.

How do we define “glory days”? Huge audiences, lots of money, hosts who became the biggest stars in show business and high-stakes drama that made headlines. Today, there is none of that.

The only headline story of any significance that we have seen in ages was last week’s story that “The Late Show with Stephen Colbert” will end next May, and so will the show.

The show will be “retired,” said the CBS announcement last Thursday.

Translation: “The Late Show” is history, and so is CBS’s participation in the traditional late-night talk show fray.

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The network did not use the word canceled. Instead, the demise of “The Late Show” was positioned as the “end of its historic run.”

The reason provided for the end of the show’s run was surprising because press releases rarely, if ever, come right out and admit candidly that a decision on the life or death of a TV show is a financial one.

“This is purely a financial decision against a challenging backdrop in late night,” said the network, which also took pains to praise Colbert as “irreplaceable” and one of the “greats that graced late night television.”

After asserting that the decision to terminate “The Late Show” was financial, the press release then included a sentence meant to allay concerns that the end of the show had anything to do with its continual satirizing and spoofing of Donald Trump.

“It is not related in any way to the show’s performance, content or other matters happening at [parent company] Paramount,” said the sentence, which does the opposite of allaying such concerns. Instead, it raises them.

“Other matters” likely refers to the other matter of CBS News and the lawsuit Paramount settled with Trump after he sued the company for a tiny, insignificant edit in a “60 Minutes” story that he said amounted to election fraud. 

When the news got out that the company settled the suit without fighting it so that it could move closer to finalizing its merger with Skydance Media, the settlement was widely panned.

So now, the company wants everyone to know that no pressure was applied by Donald Trump to dump “The Late Show with Stephen Colbert” even though show’s stock-in-trade is satirizing and spoofing Trump nightly. Skeptics and conspiracy theorists are now free to think the opposite.

Whether or not Trump had anything to do with the end of the Colbert show, late-night TV seems poised to fade away on its own.

CBS has seen the writing on the wall for a while. After James Corden exited “The Late Late Show” in 2023, the network ended that show too after 28 years.

Filling the space was a cheapo viral video show called “After Midnight” that lasted a year. It ended last month, and reruns of the show are still airing in the 12:25 a.m. Eastern time period.

CBS’s foray into late-night talk shows began in 1989, when Pat Sajak was recruited to host a nightly show at 11:30 p.m. 

“The Pat Sajak Show” lasted a year and ended in 1990. “Late Show with David Letterman” came along in 1993 and ran for 22 years. When the show ends next spring, Colbert will have been the host for 11 years.

The late-night hosts are aging. Colbert is 61. Stewart is 62. Jimmy Kimmel is 57. Jimmy Fallon is the youngest of them at 50.

At the moment, Kimmel is the longest-running of the late-night hosts. He has been hosting “Jimmy Kimmel Live!” for 22 years.

When or if he decides to leave, will ABC continue the show with a new host and a new title? That seems doubtful.

In 1993, CBS actually bought a whole building for the Letterman show -- The Ed Sullivan Theater, a landmark on Broadway. 

Odds are it will be sold, just like CBS’s storied old headquarters building, the architectural landmark on Sixth Avenue known as Black Rock that Viacom sold in 2021.  

And so, the story of late-night TV enters a new chapter. It may be long or short, but it feels like the third act in a three-act play. 

5 comments about "And Now For Our Next Guest: The Demise Of Late-Night TV".
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  1. Ed Papazian from Media Dynamics Inc, July 21, 2025 at 9:07 a.m.

    Adam, CBS was active in late night TV much earlier than 1989. Shamned by NBCs success with "The Tonight Show" and by ABC's attempts to nose in with hosts like Joey Bishop and Dick Cavett, CBS grabbed  "The Merv Griffi Show" --a hit syndicated entry created by Westinghouse yars earlier---and slotted it against Carson in 1969. 

    Merv did OK but not well enough to win the ratings contest so he was dropped after three years in favor of reruns of prime time action adventure/dectetive shows, which didn't win the ratings wars but attracted enough viewers to please the network and its affiates. Sajak came later.

    At the time NBC and CBS made most of their profits from their daytime and lete night programming and the latter was very important to the affiliates as they got half of the commercial positions to sell to "spot" buyers, without having to spend a dime on content. That's the hidden mesage in the cancellation of Colbert's show. Sure, rating declines, lost younger viewers, etc. plus lack of prifiatbility have something to do with it as does politics, but now the networks are signaling to their srtation affiliates that they are no longer so willing to work together as "partners' as they shift their focus to streaming.

    So the question is will CBS replace Colbert's show with some cheapie talk/comedy fare --or trry to develop high risk, youth appeal content for this daypart--or simply say to the stations,"The late night ball is in you court, now, guys---we're done with it."

  2. David Scardino from TV & Film Content Development, July 21, 2025 at 10:26 a.m.

    I can vouch for the fact that CBS was in the late night business long before 1989--in fact 20 years before, in 1969. I was at Y&R and me and my compadres on the Bristol-Myers account spent three nights every week for the first few months of the Griffin late night show monitoring it from the studio audience. At the time, NBC's product protection policies for "The Tonight Show" blocked virtually all of Bristol's consumer product lines. To compensate, Bristol was a significant advertiser in ABC's late night programs and a strong early supporter of CBS' foray with Merv into the daypart. As I said to a friend at the time: "Look for me when they pan the Griffin audience. I'll be the guy reading the paper..."

  3. Billy Sternberg from Network Broadcast Marketing replied, July 21, 2025 at 12:13 p.m.

    Live sports from the pacific time zone, running the prime lineup afterwards on the coast.

  4. Gian Fulgoni from 4490 Ventures, July 21, 2025 at 4:35 p.m.

    As usual, Ed Papazian helps set the record straight by providing important background or historical info that's necessary to fully understand and evaluate media decisons made today. 

  5. Dan C. from MS Entertainment, July 22, 2025 at 3:48 a.m.

    Colbert's show is losing $40 million a year, it's estimated Fallon's show loses $10 million a year, and Kimmel loses about $10 million a year. 


    Nobody ever started a media company to lose money.  Maybe if these programs didn't become so nauseatingly political, they could have lasted longer. Even their social media IMPs on YouTube and other platforms are deteriorating because the schtick is old and tired. People want to laugh and be entertained late nite - not listen to an hour long political diatribe. 

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