The news came shortly after Colbert spoke against CBS’s parent company, Paramount, for agreeing to pay $16 million to settle a lawsuit filed by Donald Trump over a 60 Minutes segment. While many suspected the president was behind the firing, he denied the claim, taking to his Truth Social, where he wrote:

CBS said the cancellation wasn't related to "content or other matters happening at Paramount." Paramount controversially agreed to settle a lawsuit brought by Trump over a "60 Minutes" interview with then-presidential candidate Kamala Harris.

When it comes to late-night television, Seth Meyers knows the future is largely out of your control. Meyers, who has hosted “Late Night” on NBC for over a decade, spoke on this week’s episode of the “Armchair Expert” podcast about dealing with the uncertainty that comes with hosting a program.

Actress Sandra Oh cursed CBS and Paramount networks over Stephen Colbert's show cancellation, citing concerns about culture and free speech during her guest appearance.

Sandra Oh criticized CBS and Paramount during her appearance on 'The Late Show with Stephen Colbert' on July 21 after its cancellation was announced. The network said it was "a financial decision," but the news came days after Colbert criticized Paramount for its $16 million settlement with President Donald Trump.

Several comedians and talk-show hosts appeared in a sketch that also featured an animated Trump hugging the Paramount logo.

“Given Paramount’s recent capitulation to President Trump in the CBS News lawsuit, the Writers Guild of America has significant concerns that The Late Show’s cancelation is a bribe, sacrificing free speech to curry favor with the Trump Administration as the company looks for merger approval,” it noted (see full statement below).