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CBS cancels The Late Show with Stephen Colbert

Hundreds of jobs in NYC are at risk following the show's cancellation after state investment.

July 20, 2025 at 12:01 PM

Gov. Hochul: NYC to lose hundreds of jobs after CBS cancels 'The Late Show'

The cancellation impacts local jobs and follows a significant state investment.

CBS cancels The Late Show with Stephen Colbert leading to job losses

New York Governor Kathy Hochul's office announced that CBS' cancellation of "The Late Show with Stephen Colbert" will lead to the loss of hundreds of jobs. The show was kept in New York City after the state invested $16 million in tax breaks and grants a decade ago. Colbert revealed the show’s cancellation during a live audience segment at the Ed Sullivan Theater, stating that the final episode will air in May. CBS, which did not inform the state before the announcement, cited financial reasons for the cancellation. Hochul's spokesperson emphasized the negative impact on local businesses and jobs resulting from this decision.

Key Takeaways

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Cancellation leads to hundreds of job losses in NYC

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State invested $16 million in CBS to keep the show

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CBS did not notify state before announcing cancellation

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Colbert's last episode is slated for May

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Spokesperson highlights losses for local vendors and businesses

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Financial considerations cited as reason for cancellation

"The loss of 'The Late Show with Stephen Colbert' is more than just the end of a television show."

This quote from a Hochul spokesperson underscores the broader economic implications of the show's cancellation.

"The cancellation was purely a financial decision."

Paramount's statement indicates that financial pressures drove this controversial cancellation.

"Hochul will continue doing everything she can to support the film and television industry."

This reflects the governor's commitment amidst growing concerns over industry stability.

This cancellation highlights the fragile nature of the entertainment industry in New York and raises concerns about the long-term effects of such financial decisions. With significant state investment promised to keep shows like this in NYC, the abrupt end of "The Late Show" may deter future productions from making similar commitments. The political implications of the cancellation, especially with CBS's recent legal issues involving high-profile figures, add another layer of complexity to the situation. How will this affect public trust in state-funded incentives for media projects?

Highlights

The loss is about more than just a show, it's hundreds of production jobs.
CBS' choice shows the volatility of the entertainment industry.
What happens when state incentives do not guarantee long-term stability?
This decision could shake public trust in the industry.

Job losses and financial concerns for NYC's entertainment scene

The cancellation of The Late Show poses risks not only to hundreds of jobs but also to local businesses dependent on its production. This decision raises serious questions about CBS's financial priorities and the future of state-sponsored media ventures.

The future of entertainment in New York hangs in the balance as job losses begin to unfold.

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