Supporters of Stephen Colbert took to the streets of New York City following the cancellation of The Late Show. The demonstrators gathered outside the Ed Sullivan Theater and marched to Paramount’s Times Square headquarters.

“This thing is losing money left and right,” said one person close to Skydance. “I hear it’s on the way to lose more than $50 million and they would have killed it sooner if they were in charge. This guy pisses off more than half the country.”

Paramount Global’s stock is up 25% this year. What’s driving it is the pending merger between Paramount and Skydance Media.