From 60 Minutes to Colbert, it’s been a dark time for CBS. But there’s a ray of hope

‘Colbert’s on-air commentary on the settlement was brutal. Could it be a complete coincidence that The Late Show was canceled three days later?’ Photograph: Gina M Randazzo/Zuma Press Wire/Shutterstock

The past few weeks have brought a torrent of bad news for those who care about CBS News – the home of the legendary Walter Cronkite and a great deal of investigative journalism over many decades.

Most notably, the network’s parent company, Paramount Global, capitulated to the Trump administration, unnecessarily – and wimpily – settling a lawsuit by paying $16m, purportedly for a future presidential library.