Now, it loses about $40 million a year, according to a person familiar with its budget. On Thursday, CBS pulled the plug on the show and an entire franchise launched in 1993, making it the biggest ...

The Grim Reaper is coming for all of late-night TV. Those comedians in neckties are just ignoring Death’s deafening knock.

CBS is canceling “The Late Show With Stephen Colbert” next May, shuttering a decades-old TV institution in a changing media ...