Colbert Criticizes Billionaires Following Late Show Cancellation

Stephen Colbert warned against trusting billionaires during a New Year's Eve broadcast after CBS canceled The Late Show despite its high ratings.The host questioned the $40 million annual loss cited by Paramount as the reason for ending the franchise amid the company's merger with Skydance.Colbert highlighted the disconnect between the cancellation and the recent $108 billion bid by his parent company for a hostile takeover of Warner Bros.