CBS parent Paramount insists that this week's decision to cancel Steven Colbert's “Late Show” was strictly financial, and had nothing to do with politics.

Last week, Donald Trump claimed he 'absolutely loves' the fact that Stephen Colbert's long-standing talk-show has been axed, and now, the presenter has issued a damning three-word statement in response.

The cancellation from CBS comes after Colbert criticized his parent company on-air for their $16 million settlement with Trump.

Former MSNBC host rejects theory that Trump criticism led to ‘The Late Show’ cancellation as CBS cites $40M annual losses.

Meanwhile, Fox News Channel's "Gutfeld!" has surged to become late-night's highest-rated program. In the second quarter of 2025, the show hosted by Fox star Greg Gutfeld notched 3 million viewers and 365,000 in the 25-54 age demographic at the 10 p.m. ET hour.

Stephen Colbert reunites with Fallon, Stewart, Meyers, and Oliver as fans and industry react to show’s cancellation.

CBS brass say they pulled the plug on “The Late Show with Stephen Colbert” because of its punishing losses and claim politics had nothing to do with it, The Post has learned.

The Late Show With Stephen Colbert has never won any Emmy in its previous nine seasons despite some notable streaks of excellence. (It has been nominated 31 times.) For much of that period, it competed in late-night’s top category against Last Week Tonight With John Oliver, which Emmy voters love the way Oliver loves a minor-league baseball team .