President Trump cheered the cancellation of "The Late Show with Stephen Colbert," saying he "absolutely loves" that Colbert "got fired."

In a statement on Thursday, the network said the late-night talk show was being canceled for financial reasons. Those reasons are associated with Paramount's proposed merger with Skydance Media, which requires Federal Communications Commission (FCC) approval under the Trump administration. Paramount is the parent company of CBS.

On Thursday night, Stephen Colbert announced that CBS has canceled The Late Show. The iconic late-night series, which ran for over 30 years between both Colbert and David Letterman's tenures as host, will end in May 2026.

Rosie O’Donnell Sends Direct Message to Donald Trump After Stephen Colbert’s ‘Late Show’ Cancellation originally appeared on Parade. Rosie O'Donnell sent a direct message to President Donald Trump after his response to Stephen Colbert 's Late Show cancellation and the POTUS' citizenship threat against her.

Nearly three weeks after Paramount settled, the left-wing staff still does not appear to be heading for exits.

The president mocks Stephen Colbert for CBS' decision - and throws shots at Jimmy Kimmel and Jimmy Fallon while he's at it.

CBS decided to cancel “The Late Show with Stephen Colbert” and end the franchise series after three decades, citing financial

Jimmy Kimmel gave a salute to “The Late Show With Stephen Colbert” — and blasted rival network CBS — on Thursday evening, hours after CBS announced that it is canceling Colbert’s series in May 2026 and retiring the “Late Show” brand. “Love you Stephen,” Kimmel wrote on his Instagram story, captioning a clip of Colbert’s …

Network late-night shows have been losing viewers for years, but Colbert‘s program is primed for a ratings bump right now.

There’s a very simple reason why “The Late Show with Stephen Colbert” was canceled by CBS: the program was losing huge amounts of money, Puck reported. Colbert had to walk the plank because “The Late Show” was losing $40 million a year.

Here's a look at some of Stephen Colbert's most partisan moments from the past decade after it was announced on Friday that "The Late Show" would end in 2026.