Lots of wrong info here.
Colt split into TWO companies in the early 2000's.
Colt Defense makes Military/Police weapons, Colt Manufacturing makes commercial firearms.
Both companies are doing quite well, with the commercial company selling everything they can make.
Colt Mfg. is in a financial situation where they have to be careful about their business decisions. They simply can't afford another Colt All American 2000 disaster.
In 2000 Colt Mfg had to decide what guns were the most profitable, and drop those that just weren't good money makers.
They decided that the double action revolver lines just weren't making enough money, and required too much expensive hand labor to make. This made the DA revolvers more expensive than the competing S&W and Ruger models.
Colt kept the Anaconda and Python until 2003.
The Python was a true hand-made, hand fitted, hand polished semi-custom revolver, and the gun had simply priced itself out of the market.
The numbers of people willing to spend that kind of money simply couldn't support the continued production.
The Anaconda also wasn't selling in large enough numbers, so it too was dropped in 2003.
The bottom line for Colt is the bottom line. In order to continue to survive, they had to focus their manufacturing capacity to best-selling models, and the revolvers no longer were.
Colt is still very much in business, and doing fine in a niche market.
What they might do in the future about a DA revolver is unknown, but anything is possible.