"I'm not going to tie any of that to regulatory approval. I can tell you that we had been looking at late night, it was financially not viable."
"I'm not gonna tie any of that to regulatory approval. I can tell you that we had been looking at late night. it was financially not viable. It had been that way for a long time. We had made a decision months prior to the announcement that we were not gonna be going forward with that show. I love Stephen, he does a great job, but we really needed to be in a financially viable business, and you saw we did that with James Corden as well."
"Outside of the settlement, there were other actions taken to ensure there would be regulatory approval, said Fischer. You know, I think about rollbacks of DEI policies, I think about some things like the cancellation of Steve Colbert's show. You know, that was never explicitly stated as being part of getting regulatory approval, but it's something that I think a lot of people assumed. Do you think that they made the right choices to ensure that they got the regulatory approval?"
Paramount cancelled The Late Show with Stephen Colbert in July, one week before the FCC approved the Paramount–Skydance merger. The cancellation was attributed to long-standing financial nonviability after months of review and a decision made prior to the merger announcement. The company also ended Diversity, Equity, and Inclusion programs and previously cancelled James Corden’s show as part of moves toward financial viability. Observers connected DEI rollbacks and the Colbert cancellation to efforts to secure regulatory approval, though company statements maintained the actions were motivated by business considerations rather than regulatory negotiations.
Read at www.mediaite.com
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