Even CNN’s Brian Stelter, no fan of Trump, said as much, writing: “The bottom has indeed been falling out of the late-night TV business model for several years now. Audience fragmentation and digital competition have led to a decline in ad revenue across the board. One insider described it as ‘cratering’ at CBS.”

Stephen Colbert was receiving messages of support and affection from his fellow late-night hosts after announcing that CBS was canceling his show, “The Late Show With Stephen Colbert,” next May.