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CBS in Distress: Colbert’s Exit & The Rhodes-Weiss Era

As Paramount prepares to remake itself, David Rhodes has emerged as a likely successor at CBS News, possibly advised by Bari Weiss. And company insiders suggest that the Colbert cancellation was purely economic, but is that buyable?

stephen colbert
CBS did not plan to announce the move so soon, per sources, but Colbert decided that to avoid leaks, he wanted to reveal it this afternoon to his staff and discuss it on his show tonight, which he did. Photo: Arturo Holmes/Getty Images for Montclair Film and North to Shore Festival
Matthew Belloni
July 18, 2025

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Everyone in town seems to be talking about Stephen Colbert’s impending exit from CBS—and whether His Orangeness is ultimately behind the cancellation of The Late Show. I’ll get to that. But first, a big behind-the-scenes name may be about to join the company.