Show' host's comments came shortly before it was announced that CBS has canceled 'The Late Show With Stephen Colbert.'

Before CBS announced the cancellation of Stephen Colbert's The Late Show, citing financial reasons, others under the Paramount Global banner were wary of the Skydance Media merger

CBS and Stephen confirmed that The Late Show will end in May 2026. The long-running Comedy Central show made headlines quickly after Stephen Colbert announced ‘The Late Show’s cancelation because both are owned by Paramount.