Stephen Colbert's Late Show has been axed. But what did a $12b merger have to do with it?
But last week, US network CBS announced the program would end in May, finishing a three-decade run, which began with David Letterman in 1993.
Wild speculation swirled. Talk of Trump, Paramount and mergers mounted, as fans protested outside New York's Ed Sullivan Theatre – where The Late Show with Stephen Colbert is filmed – with signs reading, 'Colbert Stays! Trump Must Go!'
On Friday the Trump administration approved a merger between Paramount Global and Skydance Media, with Skydance taking control of the entertainment giant. So, why do people think Trump had something to do with The Late Show 's cancellation, and what could it potentially mean for Australia's media landscape?
Why was the show cancelled?
According to CBS' parent company Paramount, the program's cancellation was 'purely a financial decision'.
'It is not related in any way to the show's performance, content or other matters happening at Paramount,' the network's executives said in a statement. Anonymous reports later claimed the show cost the network between $US40 million and $US50 million ($61 million to $76 million) a year.
However, Colbert has long delivered critical takes on Trump and his administration. He has spoken about the president's past connections with late convicted sex offender Jeffrey Epstein. And during an interview with one of his first guests in 2015, Jeb Bush – who was running his presidential primary campaign against Trump at the time – Colbert implied Trump was an 'orange and crazy' person.
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'There seems to be a natural human tendency to reduce complex reality by seeing masterminds behind every bad thing,' Michael Nelson, a presidential scholar at Rhodes College in Tennessee, said. 'Trump has always played to that and now the Epstein scandal is rebounding on him.' Indeed, Trump brought much of this on himself by encouraging dark views of the government that he derides as the 'deep state,' views that prove hard to dispel now that the supposed deep state answers to him. The administration's flip-flopping on whether it would release the Epstein files has fuelled talk of a cover-up, not only by Trump's critics but by his own allies. Conspiracy theories have a long place in American history. Many Americans still believe that someone else had a hand in killing President John F. Kennedy, that the moon landings were faked, that the September 11 terrorist attacks were an inside job or that the government is hiding proof of extraterrestrial visitors in Roswell, New Mexico. Sixty-five per cent of Americans told Gallup pollsters in 2023 that they think there was a conspiracy behind Kennedy's assassination. Some conspiracy theories do turn out to be true, of course, or have some basis. But presidents generally have not been the ones spreading dubious stories. To the contrary, they traditionally have viewed their role as dispelling doubts and reinforcing faith in institutions. President Lyndon B. Johnson created the Warren Commission to investigate his predecessor's murder specifically to keep rumours and guesswork from proliferating. (Spoiler alert: It didn't.) Trump, by contrast, relishes conspiracy theories, particularly those that benefit him or smear his enemies without any evident care for whether they are true or not. 'There have been other conspiratorial political movements in the country's past,' Geoff Dancy, a University of Toronto professor who teaches about conspiracy theories, said. 'But they have never occupied the upper echelons of power until the last decade.' During the 2016 Republican primaries, Trump tied the father of one of his rivals, Senator Ted Cruz of Texas, to the Kennedy killing, citing a photograph with Lee Harvey Oswald. During Trump's hush money trial in New York last year, his one-time compatriot David Pecker of The National Enquirer acknowledged under oath that the whole thing was made up to damage Cruz and elect Trump. Unrepentant, Trump stuck to his false assertions about Obama's birthplace for years, only grudgingly admitting late in the 2016 campaign that his predecessor was, in fact, born in the United States. Trump nonetheless went on to falsely accuse Obama of spying on him, among other unfounded assertions. At one point, Trump spread the claim that Osama bin Laden was not actually dead and that Obama and Biden had the Navy's SEAL Team 6 killed. He likewise casually accused a television anchor of murder. 'The president's repeated discussion of multiple conspiracy theories, most recently about the 2016 election, has no parallel in American politics,' Meena Bose, the director of the Peter S. Kalikow Centre for the Study of the American Presidency at Hofstra University, said. 'Presidential allegations that have no factual basis undermine public confidence in the political system and present dangerous challenges to constitutional principles and the rule of law, particularly if they are not subject to checks by other institutions.' Conspiracy theories are not the exclusive preserve of Trump and the political right. Around the time of last month's anniversary of the assassination attempt against Trump in Butler, Pennsylvania, some on the left once again advanced the notion that the whole shooting episode had been staged to make the Republican candidate into a political martyr. Some Democrats have now dived into the Epstein fever swamp head-first, suddenly exercised by a closed case that had hardly been on the party's priority list just weeks ago, as they pile on Trump and maximise his political troubles. After Roy Black, who was Epstein's defence lawyer, happened to die at age 80 this past week at the height of the furore over the case, some on the left saw suspicious timing. America's conspiracy craze has also drawn in foreign allies in recent days. President Emmanuel Macron of France and his wife, Brigitte, this past week filed a defamation lawsuit in Delaware against Candace Owens, a far-right YouTube commentator known for antisemitic rhetoric, for repeatedly claiming that the French first lady is actually a man. Trump, however, has stirred the plot pot more than any other major political figure. In the six months since retaking office, he has remained remarkably cavalier about suggesting nefarious schemes, even as he heads the government supposedly orchestrating some of them. He suggested the nation's gold reserves at Fort Knox might be missing, resurrecting a decades-old fringe supposition, even though he would presumably be in position to know whether that was actually true, what with being president and all. 'If the gold isn't there, we're going to be very upset,' he told reporters. It fell to Scott Bessent, the decidedly non-conspiratorial Treasury secretary, to burst the bubble and reassure Americans that, no, the nation's reserves had not been stolen. 'All the gold is present and accounted for,' he told an interviewer. Trump has played to long-standing suspicions by ordering the release of hundreds of thousands of pages of documents related to the assassinations of Kennedy, his brother Robert F. 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The past week or so has seen a fusillade of Trumpian conspiracy theories, seemingly meant to focus attention away from the Epstein case. Tulsi Gabbard, the president's politically appointed intelligence chief, trotted out inflammatory allegations that Obama orchestrated a 'years-long coup and treasonous conspiracy' by skewing the 2016 election interference investigation – despite the conclusions of a Republican-led Senate report signed by none other than Marco Rubio, now Trump's secretary of state. She also claimed that Hillary Clinton was 'on a daily regimen of heavy tranquillisers' during the 2016 campaign. Relying on this, Trump accused Obama of 'treason,' suggesting he should be locked up and going so far as to post a fake video showing his predecessor being handcuffed in the Oval Office and put behind bars. The idea of a president posting such an image of another president would once have been seen as a shocking breach of etiquette and corruption of the justice system, but in the Trump era it has become simply business as usual. For all that, the conspiracy theorist in chief has not been able to shake the Epstein case, which reflects the rise of the QAnon movement that believes America is run by a cabal of Satan-worshipping paedophiles. Most of the files, the ones that his attorney-general told him include his name, remain unreleased, bringing together an unlikely alliance of MAGA conservatives and liberal Democrats. Loading It was well known that Trump was friends with Epstein, although they later fell out. So it's not clear what his name being in the files might actually mean. But Trump is not one to back down. Asked last week about whether he had been told his name was in the files, Trump again pointed the finger of conspiracy elsewhere. 'These files were made up by Comey,' he told reporters, referring to James Comey, the FBI director he had fired more than two years before Epstein died in prison in 2019. 'They were made up by Obama,' he went on. 'They were made up by the Biden administration.'
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'There seems to be a natural human tendency to reduce complex reality by seeing masterminds behind every bad thing,' Michael Nelson, a presidential scholar at Rhodes College in Tennessee, said. 'Trump has always played to that and now the Epstein scandal is rebounding on him.' Indeed, Trump brought much of this on himself by encouraging dark views of the government that he derides as the 'deep state,' views that prove hard to dispel now that the supposed deep state answers to him. The administration's flip-flopping on whether it would release the Epstein files has fuelled talk of a cover-up, not only by Trump's critics but by his own allies. Conspiracy theories have a long place in American history. Many Americans still believe that someone else had a hand in killing President John F. Kennedy, that the moon landings were faked, that the September 11 terrorist attacks were an inside job or that the government is hiding proof of extraterrestrial visitors in Roswell, New Mexico. Sixty-five per cent of Americans told Gallup pollsters in 2023 that they think there was a conspiracy behind Kennedy's assassination. Some conspiracy theories do turn out to be true, of course, or have some basis. But presidents generally have not been the ones spreading dubious stories. To the contrary, they traditionally have viewed their role as dispelling doubts and reinforcing faith in institutions. President Lyndon B. Johnson created the Warren Commission to investigate his predecessor's murder specifically to keep rumours and guesswork from proliferating. (Spoiler alert: It didn't.) Trump, by contrast, relishes conspiracy theories, particularly those that benefit him or smear his enemies without any evident care for whether they are true or not. 'There have been other conspiratorial political movements in the country's past,' Geoff Dancy, a University of Toronto professor who teaches about conspiracy theories, said. 'But they have never occupied the upper echelons of power until the last decade.' During the 2016 Republican primaries, Trump tied the father of one of his rivals, Senator Ted Cruz of Texas, to the Kennedy killing, citing a photograph with Lee Harvey Oswald. During Trump's hush money trial in New York last year, his one-time compatriot David Pecker of The National Enquirer acknowledged under oath that the whole thing was made up to damage Cruz and elect Trump. Unrepentant, Trump stuck to his false assertions about Obama's birthplace for years, only grudgingly admitting late in the 2016 campaign that his predecessor was, in fact, born in the United States. Trump nonetheless went on to falsely accuse Obama of spying on him, among other unfounded assertions. At one point, Trump spread the claim that Osama bin Laden was not actually dead and that Obama and Biden had the Navy's SEAL Team 6 killed. He likewise casually accused a television anchor of murder. 'The president's repeated discussion of multiple conspiracy theories, most recently about the 2016 election, has no parallel in American politics,' Meena Bose, the director of the Peter S. Kalikow Centre for the Study of the American Presidency at Hofstra University, said. 'Presidential allegations that have no factual basis undermine public confidence in the political system and present dangerous challenges to constitutional principles and the rule of law, particularly if they are not subject to checks by other institutions.' Conspiracy theories are not the exclusive preserve of Trump and the political right. Around the time of last month's anniversary of the assassination attempt against Trump in Butler, Pennsylvania, some on the left once again advanced the notion that the whole shooting episode had been staged to make the Republican candidate into a political martyr. Some Democrats have now dived into the Epstein fever swamp head-first, suddenly exercised by a closed case that had hardly been on the party's priority list just weeks ago, as they pile on Trump and maximise his political troubles. After Roy Black, who was Epstein's defence lawyer, happened to die at age 80 this past week at the height of the furore over the case, some on the left saw suspicious timing. America's conspiracy craze has also drawn in foreign allies in recent days. President Emmanuel Macron of France and his wife, Brigitte, this past week filed a defamation lawsuit in Delaware against Candace Owens, a far-right YouTube commentator known for antisemitic rhetoric, for repeatedly claiming that the French first lady is actually a man. Trump, however, has stirred the plot pot more than any other major political figure. In the six months since retaking office, he has remained remarkably cavalier about suggesting nefarious schemes, even as he heads the government supposedly orchestrating some of them. He suggested the nation's gold reserves at Fort Knox might be missing, resurrecting a decades-old fringe supposition, even though he would presumably be in position to know whether that was actually true, what with being president and all. 'If the gold isn't there, we're going to be very upset,' he told reporters. It fell to Scott Bessent, the decidedly non-conspiratorial Treasury secretary, to burst the bubble and reassure Americans that, no, the nation's reserves had not been stolen. 'All the gold is present and accounted for,' he told an interviewer. Trump has played to long-standing suspicions by ordering the release of hundreds of thousands of pages of documents related to the assassinations of Kennedy, his brother Robert F. Kennedy and the Reverend Martin Luther King Jr., an act of transparency for historians and researchers that may shed important light on those episodes. But Trump has gone beyond simple theory floating to make his own alternate reality official government policy. Some applicants for jobs in the second Trump administration were asked whether Trump won the 2020 election that he actually lost; those who gave the wrong answer were not helping their job prospects, forcing those rooted in facts to decide whether to swallow the fabrication to gain employment. Trump has likewise claimed that Biden was so diminished toward the end of his term that his aides signed pardons without his knowledge using an autopen. Biden was certainly showing signs of age, but the autopen story was conjecture. Asked if he had uncovered proof, Trump said, 'I uncovered, you know, the human mind. I was in a debate with the human mind and I didn't think he knew what the hell he was doing.' The past week or so has seen a fusillade of Trumpian conspiracy theories, seemingly meant to focus attention away from the Epstein case. Tulsi Gabbard, the president's politically appointed intelligence chief, trotted out inflammatory allegations that Obama orchestrated a 'years-long coup and treasonous conspiracy' by skewing the 2016 election interference investigation – despite the conclusions of a Republican-led Senate report signed by none other than Marco Rubio, now Trump's secretary of state. She also claimed that Hillary Clinton was 'on a daily regimen of heavy tranquillisers' during the 2016 campaign. Relying on this, Trump accused Obama of 'treason,' suggesting he should be locked up and going so far as to post a fake video showing his predecessor being handcuffed in the Oval Office and put behind bars. The idea of a president posting such an image of another president would once have been seen as a shocking breach of etiquette and corruption of the justice system, but in the Trump era it has become simply business as usual. For all that, the conspiracy theorist in chief has not been able to shake the Epstein case, which reflects the rise of the QAnon movement that believes America is run by a cabal of Satan-worshipping paedophiles. Most of the files, the ones that his attorney-general told him include his name, remain unreleased, bringing together an unlikely alliance of MAGA conservatives and liberal Democrats. Loading It was well known that Trump was friends with Epstein, although they later fell out. So it's not clear what his name being in the files might actually mean. But Trump is not one to back down. Asked last week about whether he had been told his name was in the files, Trump again pointed the finger of conspiracy elsewhere. 'These files were made up by Comey,' he told reporters, referring to James Comey, the FBI director he had fired more than two years before Epstein died in prison in 2019. 'They were made up by Obama,' he went on. 'They were made up by the Biden administration.'
