Former "Full Frontal" host Samantha Bee explained how legacy late-night shows like Stephen Colbert's have been struggling financially as audiences have turned to phones and streaming.

Bee has some experience with a show getting canceled in the wake of a merger: Her TBS late-night show Full Frontal With Samantha Bee was cut following the Warner Bros. Discovery merger (which is currently in the process of being undone ), and it was on the air when AT&T and TBS parent Time Warner merged.