Did CBS defend the decision as purely financial?

Question

## CBS Affirms Late Show Cancellation Was Solely Financial

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CBS has maintained that the decision to cancel *The Late Show with Stephen Colbert* was driven purely by financial considerations. The broadcaster has stated that this decision is unrelated to lobbying efforts by its parent company, Paramount, concerning its proposed $8.4 billion merger with Skydance Media.

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Did CBS defend the decision as purely financial?

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