Rumors about the $40 million annual losses appeared to stem from reports published by a media outlet called Puck and the New York Post.

David Letterman is subtly showing support for his successor Stephen Colbert after CBS' shock cancellation of "The Late Show."

On the new Billboard Pop Shop Podcast, Katie & Keith are chatting about what it means to lose the late-night institution, which began with David Letterman in 1993.