If the recently canceled 'Late Show With Stephen Colbert' wins the talk series prize, it won't just be well-earned. It will tee up a piece of delicious live theater.

"It isn’t the end of Colbert," Galloway wrote. "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." Galloway compared those economics to those of his own company.

Donald Trump is walking back week-old claims that he was responsible for "The Late Show with Stephen Colbert" being canceled at CBS.

CBS will end "The Late Show with Stephen Colbert" and retire "The Late Show" franchise in May 2026, the company announced Thursday.