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Jon Stewart Slams CBS for Decision to Cancel ‘The Late Show With Stephen Colbert’

NEW YORK, UNITED STATES, JUL 23 – CBS cited $40 million annual losses and a costly $100 million budget for canceling Stephen Colbert's show, amid controversy over a $16 million Trump settlement and a pending merger.

  • In a statement on July 17, CBS said The Late Show With Stephen Colbert will end next May, describing it as `purely a financial` decision after Colbert was informed Wednesday evening.
  • With political ties in play, Paramount Global disclosed a $16 million payment to Trump amid a planned $8 billion merger with Skydance Media, and Colbert’s show was losing $40 million per year.
  • On his show, Stephen Colbert quipped `big fat bribe!`, then told President Trump `Go fuck yourself` during his monologue.
  • The Writers Guild of America called for an investigation by the New York State Attorney General, and prominent Democrats and celebrities voiced free-speech concerns.
  • The show will officially end in May 2026, and expect to hear a lot more about this story in the coming weeks.
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After it was announced that his show was to be canceled, US comedian Stephen Colbert went berserk – and openly attacked Trump.

·Berlin, Germany
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NewsBusters broke the news in Washington, United States on Sunday, July 20, 2025.
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