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Colbert jokes about ‘cancel culture’ and has a very pointed message for President Donald Trump

NEW YORK, UNITED STATES, JUL 22 – Stephen Colbert condemned political motives behind The Late Show's cancellation, highlighting Paramount's $16 million settlement with Trump and a $40-50 million annual loss, critics say.

  • On Tuesday, Stephen Colbert used his monologue to address CBS's planned cancellation, stating `the gloves are off` as it winds down over the next 10 months.
  • Last week, sources told The Independent that the cancellation was part of a `Trump shakedown` as Paramount planned a merger funded by Larry Ellison.
  • Taking aim at Donald Trump, Colbert said `Go f*** yourself`, led the audience in a `go f*** yourselves` chant, and vowed `unvarnished truth to power`.
  • On The Daily Show, Jon Stewart argued CBS let its No 1 rated franchise end as the path of least resistance for its $8bn merger, and denounced Paramount for trying to `censor and control` the team.
  • Audience backlash is mounting with threats to boycott the network and CBS facing millions of lost viewers including Paramount+ subscribers.
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The cohosts also analyzed whether 'The Late Show With Stephen Colbert' cancellation was politically driven.

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Showbiz411 broke the news in on Tuesday, July 22, 2025.
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