During a January 21, 2026, appearance on CBS’ “The Late Show,” Sen. Bernie Sanders criticized the network, suggesting it is part of an “oligarchy” that dominates the U.S. economy and media. He defined oligarchy as being a system where a few wealthy individuals control both economic and media landscapes. Sanders highlighted alarming income inequality, noting that the top 1% holds more wealth than the bottom 93%. He also criticized the influence of billionaires, like Elon Musk, on politics, particularly referencing the Citizens United Supreme Court decision.
Colbert provided no defense for CBS, agreeing with Sanders on the harmful connection between oligarchy and authoritarianism. The discussion also touched on CBS’s controversial $16 million settlement with former President Trump over an interview editing dispute, which drew outrage from CBS staff, media watchdogs, and lawmakers. Sanders called the settlement a dangerous precedent for First Amendment rights and accused Paramount of government extortion.
