David Letterman slams CBS over Stephen Colbert exit

Daily Mail​

26-07-2025

David Letterman has backed his successor Stephen Colbert and suggested CBS canceled The Late Show because he was 'always shooting his mouth off' about Donald Trump. The 78-year-old late-night legend created The Late Show in 1993 after NBC denied him the chance to succeed Johnny Carson on The Tonight Show. Colbert took over for Letterman in 2015 and took the show in a decidedly more political direction. But despite leading in the ratings, a shrinking late-night landscape led CBS to claim losses in the tens of millions of dollars.
In his first comment on the show's cancellation, Letterman noted that Colbert's show was more about political satire than his version of The Late Show, but was still complimentary, calling the decision by CBS 'pure cowardice.' 'I think one day, if not today, the people at CBS who have manipulated and handled this, they're going to be embarrassed, because this is gutless,' he told former Late Show producers Barbara Gaines and Mary Barclay. Letterman then said that he believed CBS was acting on behalf of Skydance CEO and incoming Paramount CEO David Ellison to make their lives easier after acquiring Paramount, taking away a constant critic of Trump.
'Hey boys, here's what we're gonna do: not only are we gonna get rid of that guy, we're gonna get rid of the entire franchise so you don't have to worry about another guy. It's gone,' Letterman said. The longtime talk show host noted CBS's $16 million settlement with the Trump administration over a deceptively edited interview with election rival Kamala Harris, which Colbert had previously mocked as a 'big fat bribe.' He also referred to Ellison as a 'bottom feeder,' saying he should've bought a Dairy Queen instead of a television network. 'Stay out of this business.'
He also tore into accusations that the show lost so much money, with both Gaines and Barclay saying they had cut budgets to help the network several times when they were at CBS. 'You're telling me losing this kind of money happened yesterday? I bet they were losing this kind of money a month ago, six weeks ago, or they have never been losing money,' he said. Letterman noted that despite the show supposedly losing tons of money, CBS is allowing Colbert to stay on the air for the next ten months. 'That's another huge chunk of money they're gonna lose according to them. I don't think it was money. I think it was all to make sure the Ellisons were solid spending Dad's money,' he said, referring to Ellison's father, Oracle co-founder Larry Ellison.
He said of the treatment of Colbert: 'They did not handle Stephen Colbert, the face of that network, in the way he deserves to have been handled.' Letterman echoed Colbert's own joking words from earlier this week when the former Comedy Central comic called himself 'a martyr.' 'For Stephen, I love this: he's a martyr, good for him. If you listen carefully, you can hear them unfolding chairs at the Hall of Fame for his induction,' he joked. Ultimately, he said he envies the position Colbert is now in with his liberal viewers. 'I only wish this could've happened to me. This would've been so great for me. Now we've all gotta kiss Stephen Colbert's ring now,' he quipped.
The comedian's decade-long run as host of CBS's late-night flagship will end next May, with network insiders suggesting the top-rated show was canceled because it was losing anywhere from $40 to $100 million per year. Trump posted a celebration on Truth Social when the news was announced, saying, 'I absolutely love that Colbert got fired. His talent was even less than his ratings.' Colbert, who briefly addressed the move the day of its announcement, devoted much of his Monday show to the controversy, eventually uniting with almost every other liberal late-night talk show host in a show of support, as well as Adam Sandler and even Lin-Manuel Miranda.
The 61-year-old comic opened after a standing ovation and lengthy applause from the New York City crowd by saying 'cancel culture has gone too far'—then joked that now the show is ending, he can say whatever he feels. Colbert said sarcastically of Paramount: 'They made one mistake, they left me alive! For the next ten months, the gloves are off!' He then referenced Trump's comments, turned to an 'Eloquence Cam' and said: 'How dare you, sir? Would an untalented man be able to compose the following satirical witticism? Go f*** yourself.' He also addressed Trump's claim that Jimmy Kimmel is next, replying: 'Nope, no, no. Absolutely not. Kimmel, I am the martyr. There's only room for one on this cross. And the view is fantastic from up here. I can see your house!'
He went on to say that cancellation meant he could finally admit what he felt about the president. In contrast to his often over-the-top anti-Trump monologues, he dryly said: 'I don't care for him. Doesn't seem to have the skill set to be president. Just not a good fit, that's all.' He addressed his bosses at CBS—who he said 'have always been great partners'—before turning to Paramount's decision to cancel the show. 'How could it be a purely financial decision if The Late Show is number one in ratings? A lot of folks are asking that question, mainly my staff's parents and spouses.' He quipped: 'I could see us losing $24 million but where would Paramount have possibly spent the other $16 million, oh…'—naming the amount the company settled with Trump over his 60 Minutes lawsuit.
He returned to mocking Trump and the recent news accusing him of writing a 'bawdy' letter to Jeffrey Epstein for his 50th birthday. 'I'll have more to say about all this after the commercial break. The only other story is a small one... the president is buddies with a pedophile.' Puck journalist Matthew Belloni revealed Colbert's 'lack of profitability' Friday, hours after CNN first broke the news that the show was canceled because it was in the red. Belloni outlined how The Late Show—whose cancellation was announced last Thursday—costs $100 million a year to produce, with Colbert getting paid between $15 and $20 million a year.