CBS is canceling “The Late Show With Stephen Colbert” next May, shuttering a decades-old TV institution and removing from air one of President Donald Trump's most prominent late-night critics.

CBS announced on Thursday that 'The Late Show With Stephen Colbert' would end in 2026, but the timing, coincidental or not, comes as Paramount tries to sell itself to Skydance.

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

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.

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!

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

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

The comedian says Trump orchestrated the late-night host's show cancellation to silence critics after he threatened her revoke her U.S. citizenship.

After CBS pulled the plug on Colbert’s top-rated late-night show, Dave Portnoy says the move wasn’t political — it was just business.