CBS cancels Stephen Colbert's show
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It’s a big fat bribe.” Jon Stewart of Comedy Central’s “The Daily Show” followed suit, calling the settlement “shameful.” Both hosts, who work for Paramount Global the parent company of both CBS and Comedy Central,
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CBS’ decision to cut ties with Stephen Colbert and its decades-old “Late Show” franchise come next May will leave a major hole in the format — but one that has been widening. TV networks have been cutting costs at their late-night mainstays for the past few years.