CBS will end Stephen Colbert's "Late Show" next season after the comedian openly criticized the network and its parent company, Paramount, over a settlement with President Donald Trump. CBS executives insisted in a statement that the cancellation was "purely a financial decision.

Stephen Colbert riffed Paramount Global’s $16 million settlement of Donald Trump’s lawsuit, calling the payment a “big fat bribe” and joking about the prospects that new owner Skydance will try pressure him to back off from humor directed at the president.

The CBS late night host breaks his silence on his parent company's deal that was announced during his vacation