CBS is canceling “The Late Show With Stephen Colbert” next May, shuttering a decades-old TV institution and removing from air one of President Donald Trump's most prominent late-night critics.

CBS announced on Thursday that 'The Late Show With Stephen Colbert' would end in 2026, but the timing, coincidental or not, comes as Paramount tries to sell itself to Skydance.

Stephen Colbert slammed Paramount's $16 million settlement with Donald Trump just three days before 'The Late Show' was canceled. The network attributed its decision to financial restraints, unrelated

In a statement on Thursday, the network said the late-night talk show was being canceled for financial reasons. Those reasons are associated with Paramount's proposed merger with Skydance Media, which requires Federal Communications Commission (FCC) approval under the Trump administration. Paramount is the parent company of CBS.

Fox News host Greg Gutfeld boasted that his show “beat all these guys” in the late-night ratings, featuring a report by the Washington Examiner. During Fox News’s The Five Friday, the hosts referred to a report from the Washington Examiner that compared the recent television ratings between Gutfeld!

President Trump cheered the cancellation of "The Late Show with Stephen Colbert," saying he "absolutely loves" that Colbert "got fired."

The cancellation from CBS comes after Colbert criticized his parent company on-air for their $16 million settlement with Trump.

The comedian says Trump orchestrated the late-night host's show cancellation to silence critics after he threatened her revoke her U.S. citizenship.

President Trump is celebrating the cancellation of Stephen Colbert's 'The Late Show' on CBS — and calling for even more late-night hosts to lose their jobs.

Helen Hunt Sends a Direct Message to Stephen Colbert After 'Late Show' Cancellation originally appeared on Parade. Helen Hunt sent a direct message to Stephen Colbert after he announced The Late Show With Stephen Colbert 's cancellation.

President Donald Trump roasted comedian Stephen Colbert over the cancellation of his CBS show, taunting that late-night host Jimmy Kimmel may be “next” on the chopping block.