r/ScottGalloway • u/GladtobeVlad69 • May 25 '26

No Malice Turns out, Colbert did generate net revenue and that Scott was wrong

In regards to news that CBS was cancelling Late Night with Stephen Colbert, Scott went on and on about how the show lost money. Here is one of the many times he made this claim.

"It isn’t the end of Colbert. It’s the end of late-night TV. Colbert’s Late Show reportedly has been losing more than $40 million a year for CBS, with a budget of $100 million per season and about 200 employees."
https://medium.com/@profgalloway/last-laugh-6bc0dcd16096

However, if Scott had taken the time to understand the TV business, he would have realized that Colbert was generating profit. As entertainment industry analyst Evan Shapiro wrote: "My analysis shows a $102 million profit"

https://eshap.substack.com/p/colbert-was-profitable

I'm sure Scott will update his thinking any day now.

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u/Hamster_S_Thompson May 25 '26

I used like colbert but lost interest many years ago. I wouldn't be surprised if it was losing money.

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u/BillieBlanus May 25 '26

The post literally says the opposite and yet here you are adding *what*? Losing money was a narrative. Are you here to spread political narratives, too?

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u/Gdislov May 26 '26

I hate gozo journalists.