Colbert confirmed the cancellation during a show taping on Thursday. CBS said the move was "purely a financial decision against a challenging backdrop in late night."

Senator Adam Schiff, a guest on The Late Show with Stephen Colbert, suggested that the show's cancellation might be politically motivated.

Stephen Colbert and Jon Stewart slammed Paramount for making a deal with Trump, serving notice they won't be silenced by their parent company.

This isn't a joke. They've made that clear. CBS “Late Show” host Stephen Colbert condemned parent company Paramount Global's settlement of President Donald Trump's lawsuit over a “60 Minutes” story as a “big fat bribe” during his first show back from a vacation.