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00:00Colbert's manager reportedly knew of shows cancellation weeks in advance, financial reasons behind decision.
00:06According to a new report, Stephen Colbert's manager was aware that CBS would cancel the late show more than two weeks before his client did,
00:13and the decision to do so was truly driven by financials.
00:17Sources said that the late night show was canceled because of Colbert's liberal politics, despite speculation from many of his fans.
00:24The Anklers' Leslie Goldberg that the decision was financially motivated.
00:28As the media conglomerate waits for formal approval of its merger with Skydance, the timing of the cancellation news break,
00:34it came three days after a post-vacation, Colbert blasted Paramount's settlement with Trump as a big fat bribe, has created terrible optics.
00:41However, as the late night space has continued to face declining ad revenue and dwindling linear viewers,
00:47multiple sources claim that the shocking decision to retire the late show brand was truly driven by financials.
00:53The Anklers reported, last week, Colbert stated that Paramount's decision to pay $16 million to settle a lawsuit brought by President Donald Trump,
01:02alleging election interference was part of a big fat bribe, to obtain approval from the Trump administration for its merger with Skydance Media.
01:09According to Goldberg's sources, CBS executives called Colbert's manager a year ago to inform him of upcoming budget cuts to the late show.
01:17The Anklers story also said that five staffers were laid off a year ago as additional nips and tucks were instituted to help trim the show's budget.
01:25CBS staffer refers to Stephen Colbert's cancellation as a chillery of free speech.
01:30According to the same sources, Colbert assisted in the development of cost-cutting strategies to keep the show on track and was also involved in efforts to reduce the show's budget.
01:38Manager James Dixon, according to Goldberg, was informed by CBS executives on June 27th, just a few days before Paramount announced its settlement with Trump,
01:47that the network would be leaving Colbert and the late show.
01:50According to the Anklers, Dixon informed Colbert of CBS's decision after the July 16th show's taping more than two weeks later.
01:57The late night host informed his viewers the following day that his show would be ending soon.
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