About this transcript: This is a full AI-generated transcript of Debate: If ending The Late Show wasn't about Trump, why's he celebrating? from CNN, published May 23, 2026. The transcript contains 1,563 words with timestamps and was generated using Whisper AI.
"on night one of the colbert rapport back in the day i said anyone can read the news to you i promise to feel the news at you and uh i realized pretty soon in this job that our job over here was different we were here to feel the news with you and i don't know about you but i sure have felt it the..."
[0:00] on night one of the colbert rapport back in the day i said anyone can read the news to you
[0:05] i promise to feel the news at you and uh i realized pretty soon in this job that our job
[0:12] over here was different we were here to feel the news with you and i don't know about you
[0:17] but i sure have felt it the late show with stephen colbert went out on a literal high note last night
[0:24] rating show it was the most watched weeknight episode of his 11-year run the series finale
[0:30] was filled with celebrity guests like brian cranston ryan reynolds and the final guest paul mccartney
[0:35] as well as colbert's late night counterparts colbert didn't mention president trump at all
[0:42] which is notable given that fans and critics pointed to white house pressure for cbs's decision
[0:47] to cancel the show the company insists it was only a financial move but the president has celebrated
[0:54] colbert's exit in multiple posts online including this ai generated video he just posted depicting
[1:02] himself tossing colbert into a dumpster on his stage and then dancing to the ymca trump also warned other
[1:09] late night hosts of a similar fate calling this quote beginning of the end others of even less talent
[1:17] to soon follow may they all rest in peace they lost money i mean i wish it part of me laughs like the
[1:24] idea that like this got canceled because of trump no it got canceled because the dynamics of late
[1:29] night tv have changed and you think that's it is significantly smart they weren't making money
[1:33] on the most that's what you're saying but i just say this i know i i really do i really don't believe
[1:38] that happens that you say is that you believe it the second thing is this you alienated half the
[1:42] country every night because you're nasty to them now you're getting there and you lost half the audience
[1:47] you needed leno and letterman yes were not angry mean liberal guys yelling at republicans
[1:53] the truth will eventually come out of you i know there's an example we stopped watching this show
[1:58] we stopped watching because it sucked go ahead part of the authoritarian ethos is that god shall not be
[2:04] mocked and they often go after comedians they have to go after people who mock them and that is what trump
[2:12] has done and he has encouraged the entire apparatus of the government to go after people who mock him
[2:19] now are there uh financial concerns yeah you can stop for a second financial concerns the times have
[2:27] changed all that may be true but you cannot divorce the fact that the president himself has been on a
[2:34] rampage against these comedians because he wants them off the air and has said as much
[2:40] the most illustrative and indicting example that this was a financial and creative decision rather
[2:45] than a political one is that stephen colbert had a bunch of his late night buddies on to argue the
[2:50] affirmative case for late night television not a single one of them used the word comedy in their
[2:55] response seth meyers even said the purpose of late night tv is actually to impress and inform
[3:01] foreign leaders like like what they've lost the plot that badly they haven't been funny in such a long
[3:06] time you thought about saying it was like the daily show how did that prove your point about
[3:09] money and when you lose half of america and also and they weren't funny and that's why they lost
[3:15] a million viewers of stephen colbert's show in under 10 years because you didn't laugh they're not
[3:20] funny no you can laugh at him you can laugh at him on wherever he shows up next but it ain't gonna be
[3:25] on cbs a 40 drop in advertisement revenue you think that's insignificant no i'm just trying to
[3:30] say you're saying that they're not funny that's not that's that's objective what does that even
[3:35] mean johnny carson's never waiting to politics on that show 30 years okay okay
[3:46] she's just saying that carson never waited to politics that is absolutely
[3:51] absolutely i want to bring in one more element to this which is the fcc chair brendan carr and we
[4:02] have a slew of headlines that just kind of give you a snapshot of of what the last year and a half has
[4:08] has brought but they are this administration is aggressively going after television networks
[4:16] and media organizations is that the appropriate thing no hard or are they all losing money it can
[4:23] be both okay there's no question that that trump god shall not be mocked and he's got a henchman
[4:29] who's willing to use the power of the government in ways that have not been done before as far
[4:33] as 50 of the country watching any program doesn't happen anymore no when you but wait wait wait wait
[4:37] wait wait wait well and greg that's a bigger audience the last point i want to make is it can
[4:49] be both of course it's financial but colbert gave something that these older networks cannot buy and
[4:56] that's virality okay was it in maga's uh socials no but it was everywhere else and and watch cbs try to
[5:03] do that again he caught the wave of tomorrow's media and made no money but why do you think his
[5:10] successor is explicitly apolitical the successor to stephen colbert's show is explicitly not a
[5:16] political show why do you think that is he's not explicitly not who's running cbs
[5:22] the internet is open and it is free the majority of guests on stephen colbert's show were democrats
[5:27] that was the last time you had a non-republican when come on for a lack of an invite that's a
[5:32] lot that is an absolute lie i work with ted cruz all the time he used to do all the shows
[5:38] political comedy force for obviously more than just the late show but the daily show and colbert
[5:44] rapport what's this departure mean uh it means a couple of things there's the cultural part of it
[5:51] and there's the political part of it and then there's the part that where those two things meet
[5:54] and you know sort of culturally you know colbert came up um you know as this kind of very edgy comedian
[6:03] uh playing this character of this conservative media personality and interviewing people in persona
[6:09] and then was given this perch and and i think um you know he kind of entered the pantheon as we know it
[6:16] of these late night hosts that have been the narrators of our culture for a very very long time
[6:22] and he oversaw its decline i think we can be honest about that um but that there's the political part
[6:28] of that which is you know since paramount you know basically took over this franchise um there was a lot
[6:37] of uh you know conjecture that this was politically motivated and i think what everyone has come to
[6:45] understand in popular culture like whatever paramount does or doesn't say they deny it but popular culture
[6:50] has now understood this to have been a political act to appease the president so that he would approve
[6:55] the merger we've seen cbs move to the right under um the ellisons and so you know we see him as a victim
[7:03] that is the way that he is now commonly understood in popular culture leaving aside partisanship you know
[7:09] he is seen as a victim of this administration and of freedom of speech yeah and so we talked about
[7:18] he talked about how political the show was now i guess that last night was the last uh uh episode what
[7:25] does that say about where we are considering he was winning that slot with all the politics yeah
[7:30] i mean part of living in a democracy is you should be able to be a comedian and criticize the federal
[7:36] government and not feel like there's going to be repercussions from your boss right if you crack a
[7:42] joke or two about the leaders in our country um that is part of living in a democracy and i think that
[7:51] lulu brings up a great point they it is it opens up the question about what now happens at cbs and other
[7:59] places while they say it was a financial decision i don't think that the americans trust that it actually
[8:05] was and i think that cbs and paramount have a lot of work to do to gain the trust of the american
[8:10] people given the recent actions that they have made you know on at cbs and so i do think that
[8:18] if this was a decision that was based on politics there is a going to be a big conversation and i think
[8:25] people are just going to see what else happens what else at any time that there is dissent where else
[8:31] where who will be silenced because of this administration and we've seen that with brendan
[8:35] carr in the fcc right this didn't come out of you know a vacuum this isn't speculative we're not just
[8:39] imagining that this is what happened and when we saw brendan carr um the president others make explicit
[8:45] explicit explicit threats