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

Inside the Ed Sullivan Theatre in New York, Stephen Colbert was trying to make sense of that cataclysmic outcome in real time, both for himself and for the millions of viewers who had come to view him as an indispensable voice of comic insight and illumination.

Later, Schiff did address CBS’ decision to cancel Late Show, writing on X, “Just finished taping with Stephen Colbert who announced his show was cancelled. If Paramount and CBS ended the Late Show for political reasons, the public deserves to know. And deserves better.”