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Speaker 1: Calarugashock Media. Well, we are at the end. It is

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the final episode of The Late Show with Stephen Colbert tonight.

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It was last July when Steven Colbert looked straight into

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the camera and announced that this season of The Late

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Show would be the last. Tonight the final episode. You

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may recall CBS, whose parent company, Paramount, was in the

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midst of closing a multi billion dollar merger with David

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Ellison's Sky Dance Company that required the Trump administration to

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approve it. CBS insisted it was purely a financial decision.

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The choice to cancel the number one show in late

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night raised more than a few eyebrows. The Colbert decision

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came just two weeks after Paramount had agreed to pay

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Trump sixteen million dollars to settle a lawsuit over a

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sixty minutes interview. In the time between, it has been

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suggested that The Colbert Show loses forty million dollars a year.

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As I've said on this program before, I find it

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curious that they went straight to cancelation and not any

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sort of budget adjustments. Do you need the Ed Sullivan Theater?

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Do you need a live band? Can we tape two

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on Monday. Do you need ex writers? Can you do

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it with fewer writers? Could you take the summers off?

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Can we do guest hosts on Monday? There's all kinds

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of things they could have looked at, and they chose

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to go straight to cancelation. The Hollywood Reporter spoke to

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Stephen Colbert back in April, and I have held on

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to that for today. They asked Stephen, what will tomorrow

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look like. Stephen Colbert said, my brother's getting married, so

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my whole family's going to be here tonight and then

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we're all going to get on the train and go

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to DC for the wedding. So immediately after the show's over,

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there's something much more important going on. He told the

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story of getting the news. His manager, James Dixon never

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visits in person, and people were like, James wants to

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talk to you, and Colbert said, I'm like, he's here

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in person. What's going on? James says, this is going

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to be the last season? So I sat up and said, really, huh,

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well this comes as a surprise, and he goes, I

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can imagine. So they said it's not making any money.

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I'm like, okay, I mean it's their business. I'm a

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company man. I understand that people here to make the

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green stuff. We're not here to do free form polyrhythmic

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jazz poetry. We're here to sell some breathewright strips. And

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I have no qualms about that, and they've been great partners.

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But I went, I don't understand. It hasn't been two

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years since I signed my last contract, and they were

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feverish to lock me down. It was the best negotiation

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we'd ever had. I only do one hundred and sixty

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shows now, only all that kind of stuff, Dixon said.

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They said they could show me the numbers if we want,

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But I'm not going to ask them to open the books.

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I'm not here to talk anybody to me. The Hollywood

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Reporter asked Colbert, does the forty million dollar figure sound accurate?

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Steven said, came as a surprise. Look, there's no denying

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that the broadcast models in a huge trouble. But our

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model Late Night, within that overall model has been very

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profitable for like seventy years, starting with Steve Allen. But

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maybe we were the first show to be a detriment.

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Maybe we were the first one to flip in the

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other direction. I don't wish to litigate it. It's their

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shop and they could do whatever they want. I'm grateful

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for the time I've spent here. As I've said to

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Dixon eighteen months ago, they could not nail me to

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this building hard enough. But maybe everything changed after the strike.

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And if that's the case, I accept that entirely. There

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are many people who believe there was another reason. And

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as I said in the most measured tones I could muster,

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there's a reason why people believe that the network clearly

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had already done it once by cutting that sixteen million

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dollar check. I like this one. He said. Causality is

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not the same thing as correlation. And I understand that

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not just because I learned from the RJ. Reynolds Tobacco company,

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which reminded us that, yes, you smoked and you got cancer.

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But you know, correlation is not causality. So maybe my

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cancelation was just a naturally occurring tumor that just had

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to be cut out of the corporation. I mean, that's

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entirely possible. I would also say, and this is what

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feels most true to me, that two things can be true.

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It can be that the broadcast models collapsing. And while

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we're at it, as long as we're collapsing here, what

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if we shove this one out a window first. I

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mean this, Lamb's got a very cutable throat. Let me

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chime in there. I've talked about this several times on

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the show, but I think today's a good day to

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repeat myself. This is my Tailor Tomlinson conspiracy theory, and

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anytime I go into this, I cannot scream loudly enough.

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I'm not blaming Taylor Tomlinson for anything, but let me

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just remind everybody of a timeline and my theory. Taylor

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Tomlinson's twelve thirty show had been picked up, it had

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been renewed, and then Taylor decided she didn't want to

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continue hosting it, and then CBS went, eh, maybe we

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shouldn't even have a twelve thirty show, and they sold

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the time to Byron Allen. Now I'm wondering, did that

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start a conversation where somebody in a room somewhere went,

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you know, if we don't have twelve thirty, what if

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we didn't have eleven thirty? And I imagine the first

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time somebody said that out loud, that was crazy talk,

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but maybe perhaps possibly As they started a look at that,

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they went, yeah, what if we didn't have eleven thirty?

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And again, so let me ask you this question. Had

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Taylor Tomlinson said yes and signed some sort of contract,

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would they have a twelve thirty show and no eleven

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thirty show or would we be looking at starting next

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week Taylor Tomlinson hosting the eleven thirty slot, which would

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have been differently interesting if, among other things, a woman

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hosting the eleven thirty show on a major broadcast network

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would have been news in itself. So maybe you'd have

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Taylor at eleven thirty and Byron Allen at twelve thirty.

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That would probably discussed people a little less than what's

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going on right now. The Holland reporter said to Stephen Colbert,

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your boss paramounts George Cheeks delivered the news not to

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you but to your manager, which didn't sit well with you.

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Did you ultimately have a conversation on your own? No.

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Here's Colbert's very short answer. He called me eventually. The

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Hollywood reporter followed up, what did that call look like, Stephen?

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I don't think George would mind if I characterized our conversation.

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It was later in the summer and he called to

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express that he wished it had gone down a different way,

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and I said me too. I'm not over here grinding

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a knife, but we're going to make jokes about how

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this one down and about the forty million dollars and

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about CBS the parent check cutting spree. To the president,

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that's the show I want to do for ten more

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months because I like working for CBS and I'm not

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going to change that relationship between now and the end

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if you'll allow that to happen. And he said, I

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promise you that's what will happen. So that was it.

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What's the use of being mad? All I want to

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do is go have fun for an audience that appreciates it.

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And that's what my goal has been for ten months.

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When this is all over, I'll probably have a different

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or rather fuller perspective on all this. But I really

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don't have time to be mad about anything right now.

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THHR has the Brandanny outreach from David Ellison since the

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Paramounts Guidince merger closed in August twenty twenty five. Steven's

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answer no again. This interview was in April. I don't

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know if they've spoken in the meantime. Thchh R. You've

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said a few times you've been about to re enter

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show business. Have you been approached with scripts? Steven, Yes,

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immediately and listen, people have been patient because I've had

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to say, like, I'm sorry. When I no longer have

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to think about this show all the time, I'll have

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a better idea of what I want to do. But

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it's been very nice. He was asked if he's talked

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with people like Conan or John Stewart about what life

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after Late Night looks like. Stephen apparently started laughing. THHR

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was curious why. Steven said, because I've been having those

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conversations with them for a long time. John Stewart's like,

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you like ice skating, but you know how great it

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feels when you take the ice skates off. It kind

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of feels like that. And for years, Conan's like, I'm

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been telling you there's so much other fun to have,

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to the point where I've been like, do you not

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like my show? THCHR. Conan has built his own empire podcast,

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travel show, some acting. John went back to the Daily Show.

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Those are two very different paths. Steven, Yeah, and I

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don't think I'll do either one of those. So he

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seems to like podcasts, but has said a couple of

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times he doesn't want to host a podcasts. I've said

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on this program, I am highly confident, knowing how serious

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ExM works, that they've either reached out to him previously.

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We'll reach out tonight in the wee hours at twelve

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thirty seven AM, when Steven's a free agent, or however

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his contract works. All right, Stephen Colbert, if you had

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gone out on your own terms, what would have looked like?

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Stephen said, I mean a lot like this, just be

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a little older, and it would have been my choice,

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and I probably would have known what the final show

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was going to be a little earlier. I'm a Colbert rapport.

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I picked that Dad. I didn't tell anybody, but I

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knew two years ahead of time. Well, we didn't pick

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this day, but maybe they gave me a gift because

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I had a lot of jokes I could make about

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the end of the show, and if I decided in

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the show, then I'm the bad guy. Hard to make

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jokes about that. Dhr Lenell left late night and added

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more dates to the road. Trevor Noah did the same.

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Does that hold any appeal, Steven, I didn't come up

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as a stand up. Improv is collaborative in its nature,

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and all the shows I've done have been collaborative. It

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doesn't mean that I wouldn't do a live show at

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some point, but it's not like I'm going to go

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out somewhere night and do a tight tened zenies. Is

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it better or worse being replaced by Byron Allen than

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another traditional late night comedy show? Stephen said, none of

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my business. Stephen. How are worried to you about the

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future of late night? Stephen said, I don't know what's

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going to be and I don't know what I can

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do to help other than what he did last eleven years.

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But one night I'll turn on the TV and probably

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no one will be there. Stephen Colbert recently discussed with

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President Obama the idea of Colbert running for president, which

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I don't think is the craziest idea. He's well spoken,

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he doesn't seem like the sort of person who pops

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off emotionally, not the worst looking guy, looks good into suits.

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I mean, there's a lot there to consider. What does

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Stephen Colbert run for president.

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Speaker 2: I'm looking for a new gig soon, and a lot

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of people tell me I should run for president or

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you certainly have the look, thank you, you have the hook.

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Speaker 1: Well, for the.

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Speaker 2: Record, I think it's a stupid idea. How dumb. How

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dumb do you think it is for people to say

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that I should run for president? Well, you know, the

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bar has changed, that is true at times subterraneous, So

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I don't have to limbo so low this way.

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Speaker 1: I think that you could perform significantly better than some

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folks that we've seen. All right, Yeah, I have great

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confidence in that, Thank you very much. Yeah.

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Speaker 2: Is that an endorsement? It was not.

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Speaker 1: If Colbert is not your thing, Well, Jimmy Kimmel will

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air a rerun tonight. Kimmel is doing so out of

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deference to Colbert's send off. Kimmel did the same thing

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in May of twenty fifteen for David Letterman's final show.

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Jimmy Fallon also will air a rerun in a sign

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of late night solidarity. The Washington Post wrote, this isn't

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how things were supposed to turn out when Colbert was

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hired to take over for Letterman. You could tell from

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the last episode of The Colbert Report, which aired December eighteenth,

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twenty fourteen, that Colbert wanted to unite, not divide. In

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the final segment, he began to sing We'll Meet Again

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as a comically absurd number of celebrities from every corner

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of entertainment and politics joined him on stage, from Kareem

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Abdul Jabbar to Mike huckabat a cookie Monster. To watch

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that segment today is to be beamed into a different universe.

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Can you imagine a world where Michael Stipe is singing

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and dancing alongside Henry Kissinger and four star General Raymond Odierno,

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David Remnick with Mike Tabe, George Saunders with Toby Keith.

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That's the world Colbert wanted to live in. It is

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his misfortune, then, that the one he found himself in

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was the world of Trump, where everything, and especially late

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night television, would become instantly polarized. When a joke about

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the president went from being satirical to immediately personal and globalized.

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Colbert recognized the change quickly. It's why his show got

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more political after struggling in the ratings his first year.

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But to use his own jacket metaphor, never quite fit

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him right. The skating improv comic and the smiling talk

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show host didn't mesh. The Late Show was a perfectly

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fine talk show, but it was never transcendent in the

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way the Colbert Report was. It was just another show

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in which an older white guy told safe jokes from

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behind a desk. Wash Pro writes the thing about late

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night TV today, it really aren't any big tens anymore.

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Everyone's in the culture war, whether they like it or not.

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It makes me grateful that David Letterman retired when he did.

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His late night career came before Trump's political one, before

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the entire world was required to engage in political discourse.

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Letterman had his political beliefs, but he didn't have to

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be ruled by them the way everybody in the culture

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arena now seems to be a de illustrate Washington Post

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point here. And when Dave does speak, he's very political.

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Now when he goes on things like the Barber Gain Show,

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I don't know about very political, but somewhat political. I

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think Dave's made it clear he's not a fan of

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the current administration. Back to wash Poe, Dave was just

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able to do a show he wanted to do the

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big tent show that somehow never felt either compromised or defanged.

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Letterman himself seems to recognize this. He once joked that

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if he were still hosting The Late Show, he'd talk

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about trumpettil people have to come and take me off

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the stage. Colbert wanted a Late Show in the era

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of Trump that could no longer exist. The show he

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replaced it with was a rating success, but it never

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approached the creative heights of the Colbert rapport. And that's

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it single topic today. Stephen Colbert of The Late Show,

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congratulations sir, and best of luck to whatever happens next.

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And boy, what a shame that that franchise dies tonight.

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I'll see you guys tomorrow.

