CBS' decision to end Stephen Colbert's top-rated late-night show

Business Decision & Financial Performance - CBS made a business decision regarding the show due to financial losses [1] - Despite high ratings, the show was reportedly losing money for CBS [1] - Advertising revenue for network TV, including the show, has significantly decreased [1] - Production costs for late-night shows were historically modest, making them profitable [1][2] Industry Trend & Audience Shift - Audience shift to online viewing has negatively impacted late-night shows [2] - The traditional late-night show model, with lower production costs, is challenged by changing viewing habits [1][2]