Shortly after CBS announced that 'The Late Show' had been canceled for financial reasons, prominent figures began openly speculating about the network's timing

The Writers Guild of America called on New York State Attorney General Letitia James to investigate the cancellation of Stephen Colbert's "The Late Show"

The Writers Guild of America has slammed Paramount's decision to cancel The Late Show with Stephen Colbert. The WGA, which represents a slew of writers on the show, put out a strongly worded statement against the move and called for New York State Attorney General Letitia James to launch an investigation into "potential wrongdoing" at

Ellison "discussed Skydance’s commitment to unbiased journalism and its embrace of diverse viewpoints" in the meeting, as well as concerns about Tencent's stake in the company.

David Rhodes, Sky News executive chairman and former CBS News head, is in talks to run CBS News again if the Skydance acquisition of the broadcaster's owner Paramount Global closes, digital news website Puck reported on Friday.

CBS’ decision to cut ties with Stephen Colbert and its decades-old “Late Show” franchise come next May will leave a major hole in the format — but one that has been widening. TV networks have been cutting costs at their late-night mainstays for the past few years.

Paramount Global said Tuesday that the entertainment and media company is cutting 3.5% of its workforce, citing challenges in the broader U.S. economy and in the linear television business.

Then-CBS anchor and managing editor Scott Pelley (L) and then-President of CBS News David Rhodes speak during the 'CBS Evening News Presentation' panel during the CBS portion of the 2011 Summer TCA Tour held at the Beverly Hilton Hotel on August 3, 2011 in Beverly Hills, California. Frederick M. Brown/Getty Images