There may be a new entrant in the annals of corporate hole-digging: Media titan Paramount, which owns CBS and recently said it’s canceling the top-rated "Late Show with Stephen Colbert." Paramount said it needs to cancel the Colbert show for “financial reasons” and leaked reports likely sourced to the company suggest the show loses around $40 million per year.

The FCC still hasn’t approved the Paramount-Skydance merger, which may be where Colbert joins the saga. The cheeky host roasts Trump regularly on his show and is far more political than David Letterman, whom he replaced in 2015. On July 14, Colbert called the Paramount payment to Trump involving "60 Minutes" a “ big, fat bribe ,” on CBS’s own air.

The network is not hiring an outsider to helm “60 Minutes” as the program’s correspondents feared might happen.

Paramount's merger with Skydance offers an attractive arbitrage opportunity, with a buyout price of $15 versus the current $13 share price. Learn more on PARA stock here.

A merger between Paramount Global and Skydance Media has been formally approved by the Federal Communications Commisison, following months of uncertainty and skepticism.The $8.4 billion deal was formally approved by the Trump administration Thursday,

July is shaping up to be a bend-the-knee month like no other, and that's quite an achievement given the number of universities, law firms, TV networks and news outlets trying to appease President Trump.

Ever since the Watergate scandal brought down Richard Nixon's presidency, it has been the norm for presidents to stay out of the Department of Justice's enforcement decisions—but Trump “does seem to play by different rules,

CBS News staffers are outraged by parent company Paramount's decision this week to settle President Donald Trump's lawsuit which they thought was meritless.

CBS announced on Thursday that 'The Late Show With Stephen Colbert' would end in 2026, but the timing, coincidental or not, comes as Paramount tries to sell itself to Skydance.

Paramount, which needs agency approval to transfer its TV licenses, offered $15 million to settle the case, but the president has asked for $20 billion and spurned it, according to media, opens ...