CBS Says The Late Show With Stephen Colbert Was Losing $40 Million a Year & Now They Are Making a $15 Million Profit on That Time Slot

CBS has transformed a significant financial drain in its late-night programming into a steady profit through a strategic agreement that shifts operational responsibility to independent producer Byron Allen. For years, CBS says the network absorbed annual losses of $40 million on The Late Show with Stephen Colbert, a figure that reflected high production costs, fluctuating […] The post CBS Says The Late Show With Stephen Colbert Was Losing $40 Million a Year & Now They Are Making a $15 Million Profit on That Time Slot appeared first on Cord Cutters News.