• An industry insider claims “The Late Late Show” with James Corden was canceled because it lost massive amounts of money, costing CBS up to $20 million per year to keep on the air.
• British TV presenter Corden, best known for his “Carpool Karaoke” skits, hosted the last installment of the program last week after heading it up for eight years.
• The 44-year-old was reportedly paid close to $5 million per year to host the show. A source told Los Angeles Magazine that the production costs were between $60-$65 million while profits topped out at $45 million.

Tagged: Media