Stephen Colbert criticized Paramount's lawsuit settlement with Donald Trump on The Late Show just days before the show was canceled “I believe this kind of complicated financial

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.