Linda Holmes and Eric Nalder discuss the end of Stephen Colbert’s *Late Show*, analyzing whether economic pressures or political tensions with the Trump administration drove CBS’s decision. They explore Colbert’s evolution from his satirical *Colbert Report* persona to an authentic host who championed "truthiness" against misinformation. The conversation also covers the shifting landscape of late-night television, including the impact of streaming and the network’s controversial lease of the time slot to Byron Allen.