CBS Cancels Stephen Colbert Late Show After 30 Years

CBS announced the cancellation of The Late Show with Stephen Colbert, citing financial reasons amid declining broadcast TV viewership. However, Colbert and many of his peers, including Jon Stewart, Jimmy Fallon, Seth Meyers, John Oliver, and others, suggested the decision was politically motivated due to Colbert's outspoken criticism of President Donald Trump. In response, Colbert staged a Coldplay-inspired musical segment featuring Weird Al Yankovic and Lin-Manuel Miranda, joined by a host of celebrities to show solidarity. The segment included satirical jabs at CBS's stated financial reasoning, humorously referencing multimillion-dollar losses since the announcement. Trump gloated on social media about Colbert's firing, which Colbert sharply rebutted with a pointed monologue. The incident highlights the ongoing clash between political commentary in late-night television and political figures, framing the cancellation as both a cultural and political moment.