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 left fans stunned when he announced that CBS has chosen to permanently end The Late Show in May 2026.

Jimmy Kimmel didn't mince words in his response to CBS canceling "Late Night with Stephen Colbert." Here's how Hollywood is reacting.