Jon Stewart Blasts CBS Over Colbert Cancellation and Takes on Media Giants in Fiery Monologue

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In the past few days Jon Stewart has found himself at the epicenter of late night television headlines and industry drama. On the July 22 episode of The Daily Show Stewart went on a blistering monologue about CBS’s shock decision to cancel The Late Show with Stephen Colbert. Stewart, drawing on decades of personal friendship and professional respect for Colbert, described the move as both “shameful” and a symptom of rampant corporate cowardice. According to CNN Stewart did not hold back, criticizing CBS parent company Paramount Global for citing financial losses while alleging the real motivation might be connected to the company’s proposed 8 billion dollar merger with Skydance Media and efforts to avoid ruffling political feathers especially with Donald Trump in an election year. Stewart’s monologue was the talk of the industry and social media, particularly because he referenced insider settlements including a 16 million dollar payout from Paramount to Trump over a disputed 60 Minutes interview, a gesture Stewart implied was designed to curry favor with regulators and the former president.

On set Stewart minced no words, punctuating his outrage with more than two dozen F-bombs during a half-hour tirade. Business Insider and The Daily Show’s own social feeds highlighted Stewart’s message to corporate advertisers and late night executives: “Sack up.” Some saw this as Stewart re-establishing himself as a cultural ombudsman, rallying networks to return to bold, substantial programming instead of retreating into bland, fear-driven content.

Beyond the shakeup at CBS Stewart was also in the headlines for a major newsmaker interview with Dr. Patrick Soon-Shiong, owner of the Los Angeles Times. As reported by the LA Times Soon-Shiong announced on The Daily Show his plans to take the newspaper public within a year, a move being positioned as democratizing ownership of the storied journalism institution during a period of industry crisis.

Amid all this Stewart continues as the lead voice of The Daily Show, anchoring Mondays, dissecting the ever-weirder twists of the 2024 election, and maintaining a strong presence across the show’s social channels. Clips of his Colbert takedown racked up millions of views within hours, with “Jon Stewart” trending on Twitter and Instagram. There has been no indication of any new personal business ventures or book deals this week. While fallout from the Colbert cancellation may ripple for months especially if it feeds the debate about media independence versus corporate and political pressure, Stewart stands once again as a lightning rod and conscience of late night, refusing to retreat from controversy.

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Episode Transcript

Speaker 1 (00:00):
In the past few days, John Stewart has found himself
at the epicenter of late night television headlines and industry drama.
On the July twenty second episode of The Daily Show,
Stuart went on a blistering monologue about CBS's shock decision
to cancel the Late Show with Stephen Colbert. Stuart, drawing
on decades of personal friendship and professional respect for Colbert,

(00:22):
described the move as both shameful and a symptom of
rampant corporate cowardice. According to CNN, Stuart did not hold
back criticizing cbs parent company Paramount Global for citing financial losses,
while alleging the real motivation might be connected to the
company's proposed eight billion dollar merger with Skydance Media and

(00:43):
efforts to avoid ruffling financial feathers, especially with Donald Trump
in an election year. Stuart's monologue was the talk of
the industry and social media, particularly because he referenced insider settlements,
including a sixteen million dollar payout from Paramount to Tromp
over a disputed sixty minutes interview, a gesture Stuart implied

(01:04):
was designed to curry favor with regulators and the former president.
On set Stuart minced no words, punctuating his outrage with
more than two dozen F bombs during a half hour tirade.
Business Insider and The Daily Show's own social feeds highlighted
Stuart's message to corporate advertisers and late night executives sack up.

(01:26):
Some saw this as Stuart re establishing himself as a
cultural om boodsman, rallying networks to return to bold, substantial
programming instead of retreating into bland, fear driven content. Beyond
the shake up at CBS, Stuart was also in the
headlines for a major newsmaker interview with doctor Patrick soon Shown,
owner of the Los Angeles Times. As reported by The

(01:48):
LA Times, soon Shown announced on The Daily Show his
plans to take the newspaper public within a year, a
move being positioned as democratizing ownership of the story journalism
institution during a period of industry crisis. Amid all this,
Stewart continues as the lead voice of The Daily Show,
anchoring Mondays, dissecting the ever weirder twists of the twenty

(02:10):
twenty four election, and maintaining a strong presence across the
show's social channels. Clips of his Colbert takedown racked up
millions of views within hours, with John Stewart trending on
Twitter and Instagram. There has been no indication of any
new personal business ventures or book deals this week. While
fallout from the Colbert cancelation may ripple for months, especially

(02:32):
if it feeds the debate about media independence versus corporate
and political pressure, Stuart stands once again as a lightning
rod and conscience of Late Night, refusing to retreat from controversy.
And that is it for today. Make sure you hit
the subscribe button and never miss an update on John Stewart.
Thanks for listening. This has been a quiet please production.

(02:53):
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