_WHAT’S HAPPENING_

Stephen Colbert's The Late Show has been canceled by CBS, ending the show’s 33-year run. The decision comes amid financial struggles, with the show reportedly losing $40 million annually.

Late-night TV, generally speaking, is flopping with younger audiences, who are flocking to media platforms like podcasts and streaming services. And the Left’s new media figures are far more liberal and far less willing to play ball with the Democratic establishment.

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