It's both. Budget and politics.
Everyone understands Colbert was cut, the timing unsubtle, due to the CBS/Paramount lawsuit.
But all the late night shows are in serious trouble -- because the mainstream media is dying and these shows are becoming too expensive to maintain, given the dwindling audience it pulls in.
Both sides want to censor. Utterly.
I used to watch Colbert in 2015 after he took over LATE SHOW from David Letterman. And I kind of liked him at first. But over the next three or so years, the bias (as opposed to
perspective) in the jokes began to irritate me.. I was rabidly anti-Trump -- and still am -- but the subjectivity, selectivity and manipulation just became increasingly impossible to ignore.
Even more fascinating, when I would watch Colbert's nightly monologue, and then switch over to NBC's Seth Meyer's monologue an hour later, I found Meyer's monologue didn't simply include jokes about the same events of the day -- or the same "leftist" takes on the events of the day -- but
the same jokes, worded exactly
the same way.
And since both shows are taped in the late afternoon, one show's writers couldn't very well be just brazenly stealing from the other.
I know some jokes write themselves, but this was a bit much. And downright creepy.
That, and Colbert later trying to desperately shut up his buddy Jon Stewart from saying that Covid may have come from a lab, kind of did it for me: this is State TV and I was done with it.
Should CBS/Paramount have caved to pressure from Trump and canceled Colbert's show?
Yes and No... It sets a bad precedent, surely, allowing political strong-arm tactics to control the material (as happened 56 years ago when CBS cancelled their Top 10 hit THE SMOTHERS BROTHERS over the duo's jokes criticizing our war in Vietnam, which angered newly-minted Nixon's White House) but Trump's legal action was
not "a tantrum lawsuit" -- 60 MINUTES altered the answers from an interview with Kamala Harris -- during an election year -- to make her look better (among other things) which is an ethical and, apparently, a legal violation.
I detest Trump. But he was right in this case (if only by accident).
But the audience-at-large is more savvy than it once was, and now understands that the mainstream media has a naked ideological agenda -- be it Left-ish or Right -- which is why the ratings have cratered over the last few years. And the more that mainstream media sinks, the angry propaganda bias becomes even more extreme. Like the band on the deck of the Titanic, playing louder and louder, as the ship goes under.
Kimmel is on the chopping block, too. The ratings are just gone.
It's not hyperbole to say they're all garbage. And the public has figured it out: