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GOP Lawmaker: 'Late Show' Cancellation Due to Financial Losses, Not Politics

Fox BusinessAugust 5, 20253 min9,457 views
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'The Late Show' Cancellation Explained

  • 🎯 Congressman Greg Steube states that the cancellation of 'The Late Show with Stephen Colbert' is not political but a financial decision by CBS.
  • 💰 The show is reported to have lost $40 million, impacting the network's bottom line.
  • 💡 Steube suggests that the show's far-left rhetoric alienated viewers, leading to insufficient ratings to sustain the program.

Media Bias and Litigation

  • 📺 Steube argues that many networks have shifted too far left, engaging in propaganda rather than news reporting.
  • ⚖️ This shift has led to litigation against networks, with substantial judgments awarded to those who have sued for defamation or misinformation.
  • 🔍 The Russia collusion hoax is cited as a prime example of mainstream media's past use of propaganda.

Political Hypocrisy and Oversight

  • 🇺🇸 Democrats are criticized for demanding oversight on the cancellation of a left-wing show while providing zero oversight on Biden's border policies.
  • 🗣️ The First Amendment protects the private sector's right to make content choices, regardless of political leanings.

Adam Schiff's Mortgage Probe

  • 🏠 Congressman Adam Schiff is under scrutiny for allegedly falsely claiming two residences as his primary home to save money.
  • 💰 Schiff may have saved approximately $4 million through lower insurance, mortgage rates, and state income taxes by claiming his Maryland residence.
  • 🚨 A criminal referral has been made to the DOJ by Fannie and Freddie Mac based on evidence of Schiff's sworn statements.
  • 🤥 Steube characterizes Schiff as someone who has continually lied and propagated left-wing conspiracy theories.
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What’s Discussed

The Late Show with Stephen ColbertCBSParamountGreg SteubePolitical RhetoricMedia BiasRatingsFinancial LossesLitigationPropagandaRussia Collusion HoaxFirst AmendmentAdam SchiffMortgage FraudDOJ Referral
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