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Time of India
5 hours ago
- Entertainment
- Time of India
Stepehen Colbert Net Worth: How much does the 'cancelled' late night host earn from The Late Show with Stephen Colbert?
Big Brother is watching, and the censoring has just started. In a shocking move, CBS announced this week that it is going to end 'The Late Show with Stephen Colbert' next year, exiting the late-night TV scene altogether. The cancellation, supposedly driven by financial pressures, will take effect in May 2026, coinciding with the usual end of the TV season. This decision to axe the top-rated late-night program comes just weeks after CBS's parent company, Paramount, settled a lawsuit with President Trump, raising questions about Colbert's future, given his frequent criticisms of Trump on air. During a recent taping, Colbert shared the news with the audience, saying, 'Next year will be our last season. The network will be ending our show in May. It's the end of 'The Late Show' on CBS.' Helming 'The Late Show', which has been a staple of CBS for over thirty years, Colbert had big shows to fill. What David Letterman started in the 90s with his signature elements, later passed the torch to Stephen Colbert in 2015, who infused the show with sharp political humor. Colbert, having a background with Paramount through 'The Daily Show' and 'The Colbert Report', came in sharp and strong, armed with his wit, political insight, and critical stance, and made his mark through 'The Late Show with Stephen Colbert'. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Not only did Colbert amass a loyal base of followers and triggered a cultural influence that caused the uproar upon the news of the cancellation of the show, but the late show host also built his empire worth millions of dollars. Let's take a look. Stephen Colbert: Net Worth According to various financial sources, Stephen Colbert's net worth is estimated to be around $75 million as of 2025. With a diversified financial portfolio, Colbert's earnings come from multiple sources of income. His earnings from television play a significant role in his financial success, with whopping figure salaries from iconic shows like 'The Daily Show', 'The Colbert Report', and currently, 'The Late Show'. Salary from 'The Late Show': In his 2015 debut year, Colbert reportedly earned $6 million annually. Four years after his debut, a contract signed in October 2019 reportedly escalated his pay to $15 million per year. In June 2023, he secured another three-year extension, which is going to last through May 2026. With approximately 168 shows produced each year, this translates to an impressive per-episode earnings of roughly $89,800, further solidifying his status as one of the leading figures in late-night television. Income from other ventures: Apart from 'The Late Show', Colbert has also made a fortune with book sales of 'I Am America (and So Can You!)' and 'America Again'. He has lent his voice to various projects, including 'Monsters vs. Aliens', has made his mark on Broadway, and continues to foray into various production ventures, showcasing his skills both as a producer and an actor. With roughly $150 million earned from CBS over a decade, Stephen Colbert is set to bid adieu to 'The Late Show' next May. There's no denying that 'The Late Show' has been expensive to produce, costing over $100 million per year, including Colbert's salary and a 200‑person staff. Although highly successful and culturally significant, the show struggled financially, losing approximately $40 million annually, and CBS decided to pull the plug. Colbert's farewell in May 2026 marks the end of an era, but Colbert has yet to announce what he will take on next. Stephen Colbert's 'Late Show' Axed Weeks After Trump Deal Criticism
Yahoo
a day ago
- Entertainment
- Yahoo
'S**ting The Bed!': Nick Offerman Says Trump Is Making A 'Huge Mistake' With This 1 Move
Nick Offerman has called out President Donald Trump after his 'big, beautiful bill' — which he signed into law earlier this month — slashed hundreds of millions of dollars in funding to America's national parks. 'Let me get this straight, Mr. President. You cut $267 million to get back $90 million. Now, I'm no mathematician but I believe that's called shitting the bed,' said Offerman in an appearance on Tuesday's episode of 'The Daily Show.' 'But then again, I didn't go to Wharton Business College.' The 'Parks & Recreation' star — who portrayed libertarian official Nick Swanson — turned to several news reports detailing how America's 'pastoral gifts' are 'under attack' as staffing levels have seen a notable dip across the National Park System since January, per the National Parks Conservation Association. One clip noted that park scientists, in some cases, have been forced to help clean toilets due to staffing shortages. Offerman — who quipped that the situation is like ''Good Will Hunting' but in reverse' — stressed that the cuts are a 'huge mistake.' 'No scientist has the strength to clean the skid marks of a man who's been eating beans and campfire hot dogs for the past three days! They're weak,' he joked. He went on to refer to Trump 'shaking down foreigners' after he issued an executive order earlier this month that calls for foreign tourists to face higher park entry fees, a move that the administration expects to generate more than $90 million annually. After highlighting how national parks contributed a record $55.6 billion to the U.S. economy and supported over 415,000 jobs just two years ago, Offerman explained why the parks are a 'true miracle.' 'It is an affordable vacation that everyone can take inside our own borders, whether you're traveling with your family or abandoning your constituents during a crisis,' quipped the actor as as a photo of Sen. Ted Cruz (R-Texas) amid his Cancun controversy appeared on screen. Offerman, who recently revealed why Ron Swanson would've 'despised' Trump, then mocked the president for speaking so 'fondly' of national parks in years past. He turned to a 2020 clip of Trump who, when referencing sequoia trees at Yosemite National Park, appeared to pronounce the park's name as 'yo-semites.' 'It's Yosemite,' Offerman remarked. ''Yo, Semites,' is what a bad undercover cop might say to a group of Hasidic Jews.' Related... Ex-RNC Spokesperson Says Trump Is In 'Deep Trouble' With This Key Group 'Blackmail': Rosie O'Donnell Rips CBS For Kissing 'Madman' Trump's Ring After Colbert News Trump Celebrates 'Late Show' Cancelation: 'I Absolutely Love That Colbert Got Fired'
USA Today
a day ago
- Business
- USA Today
Jon Stewart questions fate of 'The Daily Show' amid merger as Colbert's 'Late Show' axed
Even before the news that longtime friend and comedy colleague Stephen Colbert's "Late Show" would be taken off-air next year, Jon Stewart was considering existential questions about his own show's fate. The part-time "Daily Show" host, who appears behind the desk on Mondays, pondered a listener's prescient question about whether media company Skydance "would get rid of 'The Daily Show'" if its proposed merger with Paramount Global receives approval from the Federal Communications Commission. "Unfortunately, we haven't heard anything from them," Stewart said on the July 17 episode of "The Weekly Show with Jon Stewart" podcast. "They haven't called me and said, 'Don't get too comfortable in that office, Stewart.' But let me tell you something. I've been kicked out of" worse "establishments than that. We'll land on our feet," he continued. Paramount Global, the parent company of both Colbert and Stewart's respective TV homes at CBS and Comedy Central, announced the evening of July 17 that the company "will retire 'The Late Show' franchise at that time," calling the move "purely a financial decision." Paramount is seeking the FCC's approval for an $8.4 billion merger with Skydance Media. Days before it was announced "The Late Show with Stephen Colbert" would be sunsetted in May 2026, Colbert criticized Paramount for settling President Donald Trump's defamation lawsuit, calling the $16 million donation to Trump's future presidential library "a big fat bribe" to his administration that could help earn FCC approval for the merger. On his podcast, Stewart said he's uncertain about the future of "The Daily Show" but knows it brings "value." "No, but I honestly don't know. ... Without 'The Daily Show,' Comedy Central's kind of like Muzak at this point," Stewart said. "I think we're the only sort of life that exists on a current basis, other than 'South Park.' I'd like to think we bring enough value to the property, like if they're looking at it as purely a real estate transaction, I think we bring a lot of value." He first took over as host of Comedy Central's longest-running program in 1999, succeeding Craig Kilborn. Under Stewart, "The Daily Show" won 24 Emmys in his 16-year tenure. "But that may not be their consideration," Stewart said on his podcast about the "value" of "The Daily Show." "I don't know. They may sell the whole … place for parts. I just don't know. We'll deal with it when we do." Stewart finished answering the question on a positive note. "I'm so happy and proud of everyone that works over there. If they (Skydance) want to do that, knock themselves out. As Jay Leno would say about Doritos: Go ahead. Crunch all you want. We'll make more. So we'll figure it out when the time comes and where we have to do it." Following his departure in 2015, which resulted in Trevor Noah helming the comedy news show for seven years, Stewart hosted the Apple TV+ show "The Problem with Jon Stewart" for two seasons. He returned to "The Daily Show" in a limited capacity in 2024 to cover the presidential election and continues to share hosting duties with correspondents Ronny Chieng, Desi Lydic, Jordan Klepper and Michael Kosta. Contributing: Brendan Morrow, USA TODAY
Yahoo
a day ago
- Entertainment
- Yahoo
‘The Late Show With Stephen Colbert': Reflecting on its Emmy legacy as cancellation shocks Hollywood
It's the end of an Emmy era. Just two days ago, Stephen Colbert was celebrating two Emmy nominations for his Late Show — Best Variety Talk Series and Directing. Those coveted nods brought his total to 33 over his 10-year run as host. But that run has now come to an abrupt end: During the July 17 taping of The Late Show With Stephen Colbert, the host stunned his audience by announcing CBS had canceled the show. The network followed up with a statement confirming the news, attributing the decision to financial reasons. More from Gold Derby How Stephen Colbert's cancellation speaks to late night's Emmy woes 'Eddington': Instant Oscar predictions for Ari Aster's latest Despite the nomination haul, Colbert has yet to win a trophy in the talk series race. From 2017 to 2022, it consistently lost Best Talk Series to Last Week Tonight With John Oliver. When the HBO series was reclassified under Variety Scripted Series, The Daily Show swept in, beating The Late Show in both 2023 and 2024. This year, the nominees are The Daily Show, The Late Show With Stephen Colbert, and Jimmy Kimmel Live!. The Late Show enjoyed considerable awards success under David Letterman, who hosted the program from 1993 to 2015. During Letterman's 22-year reign, the show won nine Emmys, including seven for Best Variety Series — twice in 1993 and 1994, and five more times between 1998 and 2002. Letterman's streak was broken in 2003 by The Daily Show With Jon Stewart, marking a generational shift in late-night television dominance. While The Late Show hasn't delivered gold for Colbert, the host himself has built an enviable Emmy legacy. He boasts 10 wins and 49 nominations across his storied career. Early on, he won three consecutive Emmys for Best Writing for a Variety, Music, or Comedy Program while working on The Daily Show from 2003 to 2005. After launching The Colbert Report on Comedy Central in 2005, Colbert earned four more writing Emmys in 2008, 2010, 2013, and 2014. Additionally, The Colbert Report won Best Variety Series in both 2013 and 2014. Colbert's most recent Emmy win came in 2021 for Stephen Colbert's Election Night 2020: Democracy's Last Stand: Building Back America Great Again Better 2020, which took home the award for Best Variety Special (Live). In addition to his impressive Emmy haul, he hosted the 2017 Emmy Awards and is also a two-time Daytime Emmy nominee for his 2011 special, The Rally to Restore Sanity and/or Fear. As The Late Show With Stephen Colbert approaches its final curtain call, its legacy remains significant — marked by sharp political satire, cultural influence, and Colbert's comedic brilliance — even without an Emmy to show for it. Perhaps the bittersweet announcement will inspire Emmy voters to finally give the show its long-overdue recognition. Best of Gold Derby 'Five new life forms from distant planets': Everything to know about 'Alien: Earth' as new trailer drops Everything to know about 'The Pitt' Season 2, including the departure of Tracy Ifeachor's Dr. Collins Everything to know about 'Too Much,' Lena Dunham's Netflix TV show starring Megan Stalter that's kinda, sorta 'based on a true story' Click here to read the full article. Solve the daily Crossword
Yahoo
a day ago
- Entertainment
- Yahoo
Jon Stewart Unsure About ‘Daily Show' Future Amid Merger: ‘They Might Sell the Whole Place'
Even before CBS announced the unexpected cancellation of The Late Show hosted by Stephen Colbert — allegedly for purely financial reasons — other hosts under the Paramount Global banner were looking over their shoulder. Jon Stewart, who hosts The Daily Show, isn't sure whether the long-running late-night series will survive as Paramount continues its attempt at merging with Skydance Media. The deal has been delayed for over a year while the companies await FCC approval. 'Unfortunately, we haven't heard anything from them,' Stewart said in response to a listener question on his The Weekly Show With Jon Stewart podcast — released on Thursday — about whether Skydance would scrap Daily Show once the merger is complete. 'They haven't called me and said, 'Don't get too comfortable in that office, Stewart.' But let me tell you something, I've been kicked out of shittier establishments than that. We'll land on our feet. I honestly don't know.' More from Rolling Stone Jordan Klepper Charts Trump's Long History With Jeffrey Epstein on 'The Daily Show' Jon Stewart Invites Elmo on 'The Daily Show' to Explain His 'Alt-Right' Tweets Jon Stewart Takes Aim At Trump's Bill: 'What Is ICE Going To Do When They Have Real Money?' Stewart considered that without Daily Show, it's uncertain that Comedy Central could continue to hold up on its own with just the remaining shows on its roster. 'I think we're the only sort of life that exists on a current basis other than South Park,' he said. 'But I'd like to think we bring enough value to the property, like if they're looking at it as purely a real estate transaction, I think we bring a lot of value,' he said. 'But that may not be their consideration. I don't know, they may sell the whole fucking place for parts.' South Park is still alive, but the show creators Trey Parker and Matt Stone recently slammed the Paramount-Skydance merger for delaying the release of Season 27. 'This merger is a shitshow and it's fucking up 'South Park,'' they shared in a recent social media statement. 'We are at the studio working on new episodes and we hope the fans get to see them somehow.' Steward is taking things day by day and said that 'we'll deal with it when we do,' should it come to that point. He doesn't want to make any assumptions regarding Skydance Media CEO David Ellison's plans for the company post-merger, adding: 'We've all got a surmisal about who actually is owning it and what his ideology is, but ideology may not play a part.' When news of The Late Show's cancellation broke, CBS was adamant about stressing that the decision was wholly unrelated to any 'other matters' regarding Paramount. Not everyone is convinced. Senator Elizabeth Warren questioned the motives behind CBS' decision, writing on X: 'CBS canceled Colbert's show just THREE DAYS after Colbert called out CBS parent company Paramount for its $16M settlement with Trump – a deal that looks like bribery. America deserves to know if his show was canceled for political reasons.' Best of Rolling Stone The 50 Best 'Saturday Night Live' Characters of All Time Denzel Washington's Movies Ranked, From Worst to Best 70 Greatest Comedies of the 21st Century Solve the daily Crossword
