Stephen Colbert shares a pointed message after President Trump celebrated CBS's stunning decision to end 'The Late Show.' Late-night hosts Jon Stewart, John Oliver and others rally behind Colbert.

On July 17, CBS News announced it will cancel "The Late Show With Stephen Colbert " in May 2026, in what was described as a purely financial decision unrelated to the show's content. President Donald Trump - whom Colbert frequently skewers in monologues - quickly weighed in on the decision.

Colbert called it an “insane thing” to put on social media. “If you or I put up an AI video depicting the violent arrest of a former president, we would get a free ride in a windowless van to FBI headquarters, where they would put us to work redacting Trump’s name from the Epstein file,” Colbert said. And that may not even be the worst of it.

Jon Stewart is questioning whether CBS’s decision to cancel Stephen Colbert’s late-night show was purely financial. He points to Paramount’s recent $16 million settlement with Donald Trump as a sign the company may be trying to smooth a deal and stay in Trump’s good graces.

In his first episode since announcing the cancellation of "Late Show," Stephen Colbert had choice words for Trump, who'd celebrated the news.

Radio host and podcaster Megyn Kelly tried to take a victory lap after the announcement last week that Stephen Colbert ’s Late Show would be canceled by CBS after 10 years on the air and despite it being the highest-rated show in its time slot.

Stephen Colbert’s show is being canceled just as a major media merger requiring Trump administration approval moves forward — raising fears of political pressure on the press. On Morning Joe, Molly Jong-Fast calls the moment “really scary” and points to a broader fight: Rupert Murdoch,