Stephen Colbert slammed Paramount's $16 million settlement with Donald Trump just three days before 'The Late Show' was canceled. The network attributed its decision to financial restraints, unrelated

Stephen Colbert's friends and colleagues are in shock at The Late Show's surprise cancellation.

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.