losing money left and right…
Stephen Colbert and his money-losing CBS late-night show would have been canceled even sooner if the merger between mother or father company Paramount and Skydance wasn’t held up, On The Money has discovered.
People at the impartial studio and their companions Redbird Capital in the $8 billion takeover of the media giant have been busy crunching P&L (revenue and loss) of CBS and are seeing a lot more L than P – notably when it comes to “The Late Show with Stephen Colbert,” two people with information of the matter mentioned.
They imagine the show was on the trajectory of losing…
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