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Donald Trump celebrates CBS’s end to Stephen Colbert’s ‘Late Show’

UNITED STATES, JUL 19 – CBS cited $40 million annual losses and declining ad revenue as reasons to end Stephen Colbert's popular late-night show amid controversy over a $16 million Trump settlement.

  • On Friday, President Donald Trump celebrated the end of The Late Show with Stephen Colbert on Truth Social, posting 'I absolutely love that Colbert got fired' and saying Jimmy Kimmel is next.
  • Earlier this month, CBS said the cancellation of The Late Show with Stephen Colbert was a financial decision not related to performance or Paramount matters.
  • The Late Show with Stephen Colbert remained #1 in late-night ratings, logging 3 million viewers in the second quarter and averaging 2.5 million in the third quarter.
  • Reacting to the decision, Trump celebrated Colbert's firing on Friday, calling it 'love' and predicting Kimmel's future, amid ongoing merger discussions.
  • As CBS cited a financial decision, the cancellation comes amid Paramount Global’s pending merger with Skydance Media, awaiting Trump administration and FCC approval.
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The Post and Courier broke the news in Charleston, United States on Friday, July 18, 2025.
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