yeah, guy, I don't buy that.
First, I doubt this claim that Colbert was losing 40 million a year.
Revenues were 70 million a year.
CBS has announced the cancellation of The Late Show with Stephen Colbert, a cornerstone of late-night television, citing insurmountable financial losses of approximately $40 million annually, as reported by sources in a New York Post article and a New York Times report that says its $50 million...
cordcuttersnews.com
Now, they are claiming the show had a staff of 200 people. However, with 200 people having an average salary of $ 70,000, that only works out to $14 million. Put on top of that Colbert's salary of $15 MM, you have tops, 29 million in salary costs. Add another $ 5 million for space, props, and production materials... So let's say, $34 million to produce.
That's still $36 million in profit.
But even that said... they just completed a 1.5 BILLION deal with the South Park Creators for five years to create 50 episodes.
How is that fiscally responsible?
And I go back to my complaint about
Star Trek: Section 31, a show that not even Trekkies wanted, which cost $80,000,000 to produce.