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.

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

Fans are in an uproar about the cancellation, claiming that Colbert was iced after he on the air criticized CBS’s $16 million settlement with President Donald Trump over the editing of an interview with Vice President Kamala Harris last year.

Fox News host Greg Gutfeld boasted that his show “beat all these guys” in the late-night ratings, featuring a report by the Washington Examiner. During Fox News’s The Five Friday, the hosts referred to a report from the Washington Examiner that compared the recent television ratings between Gutfeld!

A new report from Puck's Matt Belloni is shedding light on the finances that led to CBS' bombshell cancellation of "The Late Show with Stephen Colbert."

CBS staffers are questioning the motives and timing behind the network’s decision to cancel “The Late Show with Stephen Colbert .” The late-night landscape was rocked when CBS and host Stephen Colbert announced “ The Late Show ” was coming to an end in May 2026, ending the franchise after more than 30 years on the air.

Jamie Lee Curtis responded to the news about Stephen Colbert with a message, suggesting that the cancellation may be politically motivated.

The network’s stated reason for canceling the show has the sheen of believability. It’s true that the late-night ecosystem is struggling. Still, Colbert’s show has consistently led the ratings for its time slot. CBS and Paramount Global, The Atlantic contended on Thursday, no longer deserve the benefit of the doubt.

Paramount, the network’s parent, recently agreed to pay President Trump $16 million to settle his lawsuit over the editing of an interview on the CBS News program “60 Minutes.”

The cancellation of 'The Late Show with Stephen Colbert' sparked political controversy, with claims of interference following Colbert's critical remarks about a network owner. CBS cited financial reasons,