The Megyn Kelly Show
The Megyn Kelly Show
May 21, 2026

Colbert's PAINFUL Goodbye, Lemon's "White Men" Whining, and Trump's Hilarious Rant, w/ Stu Burguiere

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Quick Read

Megyn Kelly and Stu Burguiere dissect the perceived failures of late-night comedy and mainstream media, scrutinizing Stephen Colbert's cancellation, Don Lemon's self-serving narrative, and the pervasive influence of identity politics in culture and law.
Stephen Colbert's show was canceled due to $40M annual losses, not political reasons.
Don Lemon's 'canary in the coal mine' narrative about his firing is dismissed as self-serving and inaccurate.
Identity politics in media and law is creating 'unbelievable' and 'horrific' outcomes.

Summary

Megyn Kelly and Stu Burguiere discuss the cancellation of Stephen Colbert's 'Late Show,' attributing it to significant financial losses and declining viewership rather than political censorship, despite claims from figures like Jimmy Kimmel and Bruce Springsteen. They extensively critique Don Lemon's Substack, where he frames his own firing and Colbert's cancellation as a 'canary in the coal mine' warning against 'white men' failing upward in media, a narrative Kelly and Burguiere dismiss as self-aggrandizing and factually incorrect, citing Lemon's poor ratings and past controversies. The conversation also touches on 'woke' Hollywood casting decisions, exemplified by the upcoming 'Odyssey' adaptation, and a disturbing UK legal case where identity politics allegedly led police to disbelieve a dying white victim. Finally, they analyze Donald Trump's recent public comments and approval ratings, highlighting the challenges facing Republicans in upcoming midterms due to economic concerns and the Democrats' 'far-left insanity.'
This episode offers a sharp critique of contemporary media and political narratives, arguing that financial realities and ideological biases, rather than free speech suppression, are driving significant shifts in popular culture and news. It highlights how identity politics is increasingly influencing not only media content and personnel decisions but also public perception and even the justice system, as seen in the UK case. For conservatives, it reinforces a narrative of mainstream media and Hollywood being out of touch and ideologically driven, while for political strategists, it provides insights into the current electoral landscape and the public's response to economic issues versus cultural debates.

Takeaways

  • Stephen Colbert's 'Late Show' was reportedly losing $40 million annually, leading to its cancellation, despite claims from some on the left that it was due to political reasons or 'Trump's fault.'
  • Don Lemon's Substack entry frames his own firing and Colbert's cancellation as a warning against 'white men who fail spectacularly and are promoted for it' in legacy media, a claim Megyn Kelly and Stu Burguiere vehemently dispute, citing Lemon's poor ratings and alleged past misconduct.
  • Hollywood's 'woke' casting decisions, such as a black woman playing Helen of Troy and Elliot Page as Achilles in 'The Odyssey,' are criticized as inappropriate and driven by diversity rules rather than artistic merit or historical accuracy.
  • A UK legal case involving an 18-year-old white man stabbed to death by a Sikh man carrying a ceremonial knife is presented as an example of identity politics leading police to disbelieve a dying victim's claims due to perceived racial dynamics.
  • Donald Trump's current approval ratings are at 39%, with significant drops among key demographics and negative sentiment on inflation and the economy, posing a challenge for Republicans in upcoming midterms.

Insights

1Colbert's Cancellation Driven by Financial Losses, Not Political Censorship

Megyn Kelly and Stu Burguiere assert that Stephen Colbert's 'Late Show' was canceled because it was reportedly losing an 'astronomical sum' of $40 million a year, with Colbert himself earning $15-20 million annually. They dismiss claims from figures like Jimmy Kimmel and Bruce Springsteen, who suggested the cancellation was due to President Trump's sensitivity or network collusion, arguing instead that Colbert's show became overly political and lost audience appeal, especially after the Biden presidency.

Reported $40 million annual loss for 'The Late Show' and Colbert's $15-20 million salary. Jimmy Kimmel's call to boycott CBS and Bruce Springsteen's claim that Trump couldn't 'take a joke' are cited as examples of the 'left's' reaction. Stu Burguiere notes Colbert's initial struggles before leaning into anti-Trump commentary, which provided a temporary ratings bump but ultimately led to audience boredom.

2Don Lemon's 'White Men' Narrative Dismissed as Self-Serving Revisionism

Don Lemon's Substack post, which portrays his and Colbert's media exits as a 'canary in the coal mine' warning about 'white men failing up' in legacy media, is heavily criticized by Kelly and Burguiere. They argue Lemon's firing from CNN was due to abysmal ratings (600,000 primetime viewers, 360,000 morning show viewers), misogynistic comments (e.g., Nikki Haley's 'prime'), and alleged past misconduct (threatening notes to a co-anchor). They highlight his use of identity ('I'm black and I'm gay') to try and save his job and his unsupported hubris.

Lemon's Substack quotes: 'Colbert was the canary in the coal mine. I know something about that.' and 'The world of legacy media... has long had a problem nobody wanted to name out loud. It is a world that has been extraordinarily good to a very specific kind of person... White men.' Kelly cites Lemon's primetime average of 600,000 viewers and morning show average of 360,000, compared to her 3 million at Fox and Fox & Friends' 1.2 million, as evidence of his failure.

3Hollywood's 'Woke' Casting Ignores Source Material and Audience Preference

The hosts criticize upcoming Hollywood productions, specifically 'The Odyssey,' for prioritizing 'diversity rules' over artistic integrity and source material accuracy. They point to the casting of Lupita Nyong'o as Helen of Troy (described as 'pale-armed' and 'extremely white' in the original text) and Elliot Page as Achilles (a male heroic figure) as examples of 'inappropriate casting decisions' driven by fear of being labeled 'racist' or not conforming to 'the spirit of the age.'

Casting choices for 'The Odyssey' (Lupita Nyong'o as Helen of Troy, Elliot Page as Achilles). Matt Walsh's quote: 'Not one person on the planet actually thinks that Lupita Nyong'o is the most beautiful woman in the world. But Christopher Nolan think he knows that he would be called racist if he gave the most beautiful woman role to a white woman. Nolan is technically talented, but a coward.'

4Identity Politics Undermines Justice in UK Legal Case

A disturbing UK legal case is presented where an 18-year-old white man, Henry Nowak, was fatally stabbed by a 23-year-old Sikh man, Vikram Digwa, who was carrying a legally permitted ceremonial knife. Nowak, while dying, repeatedly told police he had been stabbed, but officers reportedly disbelieved him and arrested him for assault based on Digwa's claim of racial abuse. The hosts argue that identity politics prevented police from recognizing the white victim and dark-skinned assailant dynamic, leading to a tragic failure of justice.

Details of the incident: Henry Nowak (white, 18) stabbed by Vikram Digwa (Sikh, 23) carrying an 8-inch kirpan. Nowak's repeated pleas 'I've been stabbed. I can't breathe.' and an officer's response 'I don't think you have, mate.' Digwa's brother's claim 'We got attacked racially by some white person.' Elon Musk's offer to pay legal fees for Nowak's family's wrongful death lawsuit.

5Trump's Approval Ratings Decline, Republicans Face Midterm Challenges

Donald Trump's approval rating has dropped to 39%, just one point above his all-time low, with significant negative sentiment on key issues like inflation (-52 points) and the economy (-42 points). His support among white non-college men, a core base, has seen a 25-point swing to the negative. The hosts argue that while Democratic 'far-left insanity' (e.g., trans issues, open borders) provides an opening for Republicans, Trump needs to focus on immediate economic relief and effective messaging, especially as the summer approaches, to reverse these trends before the midterms.

Fox News poll showing Trump's approval at 39%, down 3 points from last month, and negative net approval on inflation (-52), economy (-42), foreign policy (-24), China summit (-8), immigration (-8), and border security (-2). A 25-point swing to the negative among white non-college men. A call from a 'Trump die-hard' listener, Janet, expressing feeling 'abandoned' by Trump on middle-class economic issues and concerns about war.

Quotes

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"You don't need an MBA from Harvard Business School to know that CBS cannot keep paying Colbert a reported $15 to $20 million a year to lose even more."

Megyn Kelly
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"He's the first guy in America who's lost his show because we got a president who can't take a joke."

Bruce Springsteen
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"Without Donald Trump's presence, Stephen Colbert's canceled in like 2018. I mean, his entire show, the only thing he ever says on the show is an echo of what Jon Stewart just said in, you know, just filling in the controversy of the day into his crappy jokes."

Stu Burguiere
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"I was the canary in the coal mine. Not just for what happened to me personally, but for what was coming for all of us."

Don Lemon (via Substack)
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"It was one of the most spectacular examples of a white man failing up that I have witnessed in this industry. Profoundly unqualified, visibly incompetent, elevated anyway."

Don Lemon (via Substack, referring to Chris Licht)
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"I'm black and I'm gay. He literally came out and said it. Like he explicitly referenced those two identities in an effort to save his job."

Megyn Kelly

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