Late Night TV Shake-Up: Money Talks, Politics Walk

The recent end of "The Late Show with Stephen Colbert" has sparked a heated debate. Some say it's about money, others think politics played a role. Dave Portnoy, founder of Barstool Sports, has strong opinions on the matter. Portnoy points out the harsh reality of business. Colbert earns a hefty salary, but the show loses millions yearly. Portnoy questions the logic of criticizing your own company while it's bleeding cash. He argues that any boss would react the same way. Colbert's public criticism of CBS's settlement with Trump added fuel to the fire. His joke about needing $16 million to repair trust now seems ironic. CBS insists the decision was financial, but many suspect politics were at play. Senators Warren and Sanders, along with Congressman Schiff, have questioned the real reasons behind the cancellation. Trump, however, is celebrating Colbert's departure. Portnoy dismisses the political angle, calling it a simple case of business economics. Portnoy also highlights the changing media landscape. Barstool's smaller team produces more content and reaches wider audiences than traditional late-night shows. He argues that late-night TV is outdated in today's digital age. Despite Colbert's show being the top-rated late-night program, Portnoy remains unconvinced. He believes that losing millions yearly is a clear sign that changes needed to be made. Portnoy's blunt take on the situation has stirred up the conversation even more.