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Was it “purely a financial decision” for CBS to cancel the Late Show with Stephen Colbert? The network’s top-rated late-night comedy was reportedly losing millions, and will wrap up next May. Even Daily Show host Jon Stewart, slamming the decision, conceded the genre is in decline: “We are all basically operating a Blockbuster kiosk inside of a Tower Records.” Article content

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Not surprisingly, skepticism abounds. It’s not just that Colbert’s show has earned 33 Emmy nominations, or that it has been the highest-rated late-night talk show on U.S. television for nine consecutive years. It’s not even the dodgy timing of the announcement, coming just days after Colbert criticized CBS for settling a lawsuit by U.S. Presi

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