Supporters of Stephen Colbert took to the streets of New York City following the cancellation of The Late Show. The demonstrators gathered outside the Ed Sullivan Theater and marched to Paramount’s Times Square headquarters.

Stephen Colbert and his money-losing CBS late-night show would have been canceled even sooner if the merger between parent company Paramount and Skydance wasn’t held up, On The Money has learned. People at the independent studio and their partners Redbird Capital in the $8 billion takeover of the media giant have been busy crunching P&L (profit and loss) of CBS and are seeing a lot more L than P – particularly when it comes to “The Late