Liberal celebrities and politicians mourned the cancellation of "The Late Show with Stephen Colbert" as CBS claims the decision is purely financial and unrelated to the show's content.

President Donald Trump weighed in on CBS’s announcement that it is canceling Stephen Colbert’s late-night talk show — and he’s hopeful Jimmy Kimmel will be next to get axed. CBS said Thursday that it plans to end "Late Show With Stephen Colbert" in May 2026,

"Next year will be our last season,” the late-night talk show host announced Thursday, July 17. "The network will be ending 'The Late Show’ next May."

CBS Mornings' hosts reacted with sadness and surprise to the cancellation of 'The Late Show with Stephen Colbert' that was announced Thursday.

Colbert’s cancellation came days after he mocked Paramount, which owns CBS, for its $16 million settlement with Trump in a lawsuit many considered meritless. That settlement comes as Paramount attempts a merger with Skydance Media, which requires FCC approval to proceed.

Newsweek has reached out to representatives for Stewart and Colbert via email. The Context. Stewart and Colbert are stalwarts of the television world. Stewart is the long-running

Colbert followed “The Daily Show” host Jon Stewart’s attack of the deal one week earlier. Stewart works for Comedy Central, also owned by Paramount, making the two comics the most visible internal critics of the $16 million settlement that was announced on July 1.

Stephen Colbert went off on his employer, Paramount, on Monday after the company decided to settle with President Trump in his lawsuit against the network.