Kelly said on her show Friday that Colbert took “The Late Show” ― which was started by David Letterman ― and “completely drove it into the ground.” “He desperately wanted to be Keith Olbermann,” she said.

CBS’ decision to cut ties with Stephen Colbert and its decades-old “Late Show” franchise come next May will leave a major hole in the format — but one that has been widening. TV networks have been cutting costs at their late-night mainstays for the past few years.

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