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Paul Shaffer expresses shock at CBS's financial decision to cancel "The Late Show" franchise.
Paul Shaffer, former bandleader for "The Late Show," expresses shock at the cancellation of the show and the entire Late Show franchise by CBS.
Shaffer, who worked with David Letterman for 22 years, praised Stephen Colbert and suggested that the end of the show might signal the decline of late-night TV as viewers prefer watching clips online.
CBS cited financial reasons for the cancellation, but the move has sparked sadness among many in the entertainment industry.
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Paul Shaffer expresa su conmoción por la decisión financiera de CBS de cancelar la franquicia de "The Late Show".