Donald Trump called the allegations that he was responsible for getting Colbert fired “not true.”
Trump said that Colbert got fired because of, “a pure lack of TALENT, and the fact that this deficiency was costing CBS $50 Million Dollars a year in losses — And it was only going to get WORSE!”
Everybody is saying that I was solely responsible for the firing of Stephen Colbert from CBS, Late Night. That is not true! The reason he was fired was a pure lack of TALENT, and the fact that this deficiency was costing CBS $50 Million Dollars a year in losses — And it was only going to get WORSE! Next up will be an even less talented Jimmy Kimmel, and then, a weak, and very insecure, Jimmy Fallon. The only real question is, who will go first? Show Biz and Television is a very simple business. If you get Ratings, you can say or do anything. If you don’t, you always become a victim. Colbert became a victim to himself, the other two will follow.
According to sources who talked to the New York Post, the show was on pace to lose even more than the $40 to $50 million it lost last year.
One source close to Skydance said, “This thing is losing money left and right. I hear it’s on the way to lose more than $50 million and they would have killed it sooner if they were in charge. This guy pisses off more than half the country.”
Stephen Colbert and his money-losing CBS late-night show would have been canceled even sooner if the merger between parent company Paramount and Skydance wasn’t held up, On The Money has learned.
People at the independent studio and their partners Redbird Capital in the $8 billion takeover of the media giant have been busy crunching P&L (profit and loss) of CBS and are seeing a lot more L than P — particularly when it comes to “The Late Show with Stephen Colbert,” two people with knowledge of the matter said.
They believe the show was on the trajectory of losing more than the $40 million to $50 million it lost last year, and it would have been a prime target for cancellation once the Skydance deal is done, according to sources with knowledge of the matter.
“This thing is losing money left and right,” said one person close to Skydance. “I hear it’s on the way to lose more than $50 million and they would have killed it sooner if they were in charge. This guy pisses off more than half the country.”
Colbert was fired because the show was losing millions.
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