On Thursday night, Stephen Colbert announced that CBS has canceled The Late Show. The iconic late-night series, which ran for over 30 years between both Colbert and David Letterman's tenures as host, will end in May 2026.

President Donald Trump has shared a statement following the news that The Late Show with Stephen Colbert has been canceled and insisted that the host 'was fired'

Donald Trump celebrated CBS’s decision to cancel The Late Show with Stephen Colbert, and attacked the two remaining broadcast network late night hosts, Jimmy Kimmel and Jimmy Fallon. Trump posted on Truth Social,

Even CNN’s Brian Stelter, no fan of Trump, said as much, writing: “The bottom has indeed been falling out of the late-night TV business model for several years now. Audience fragmentation and digital competition have led to a decline in ad revenue across the board. One insider described it as ‘cratering’ at CBS.”

Rosie O’Donnell Sends Direct Message to Donald Trump After Stephen Colbert’s ‘Late Show’ Cancellation originally appeared on Parade. Rosie O'Donnell sent a direct message to President Donald Trump after his response to Stephen Colbert 's Late Show cancellation and the POTUS' citizenship threat against her.

Though the cancellation comes days after Stephen Colbert criticized Paramount for settling a Trump lawsuit, the company said it was 'purely a financial decision.'

CBS' shock announcement sparked speculation over whether there was a political motive for the program's cancellation.

The most recent ratings from Nielsen show Colbert as winning his timeslot, with about 2.417 million viewers across 41 new episodes.

The president also took aim at ABC late-night host Jimmy Kimmel and NBC’s “Tonight Show” host Jimmy Fallon, while praising Fox News’s Greg Gutfeld, whose talk show “Gutfeld!” airs an hour earlier than the major late-night shows.

Jimmy Kimmel took a break from taking a break for something he normally does at work: Trolling President Donald Trump. Kimmel, who is on vacation through Labor Day, posted a photo on Instagram showing himself and his family holding signs while attending a protest against the president.