Matthew Belloni, writing at Puck (paywall-busting gift link) regarding the claim from anonymous CBS sources that The Late Show lost $40 million last year:

Nobody can know for sure. All I can tell you is what I’m hearing. Several sources at both CBS and Skydance insist the decision was based on economics, not politics. After all, if this was about appeasing Trump, they argue, Cheeks would have pulled Colbert off the air ASAP rather than giving him 10 more months in the chair. “Trust me, there’s no conspiracy,” a very good source close to Colbert told me tonight. Still, two other people with deep ties to CBS and Late Show suspect otherwise. After all, when a network decides that a show is too expensive, executives typically go to the key talent and ask them to take pay cuts, fire people, or otherwise slash costs. That didn’t happen here — though with Colbert said to be making between $15 million and $20 million per year, a pay cut wouldn’t have solved the problem on its own. And given the company’s willingness to fold to Trump, there’s no reason for you or me to think they would stand up to any political pressure, or resist any specific demand (which, of course, is the reason to not settle frivolous litigation…). If Chris McCarthy, Cheeks’s counterpart on the cable TV side, cancels The Daily Show in the next couple weeks, I think we’ll have a good idea what’s going on. But for now, I cautiously (and skeptically) believe that this was mostly an economic decision.