Colbert’s cancellation came days after he mocked Paramount, which owns CBS, for its $16 million settlement with Trump in a lawsuit many considered meritless. That settlement comes as Paramount attempts a merger with Skydance Media, which requires Federal Communications Commission approval to proceed.

Stephen Colbert's friends and colleagues are in shock at The Late Show's surprise cancellation.

Late-night talk show host Jimmy Kimmel has become a very polarizing figure over the years, there's no question about it. Earlier this week, CBS announced that "The Late Show with Stephen Colbert" will end in May 2026.

Seth Meyers also reacted among other prominent political figures and Hollywood stars sharing their disgust over the news that 'The Late Show With Stephen Colbert' will end its run in 2026, including Julia Louis-Dreyfus,

Trump takes victory lap over CBS axing Colbert and calls out ‘moron’ Fallon, too - CBS has claimed that the cancellation of Trump-bashing show was a ‘financial decision’ despite timing of merger