The cancellation comes shortly after Paramount, on July 1, agreed to pay President Donald Trump a $16 million settlement over a lawsuit the president filed against it. The lawsuit accused CBS's "60 Minutes" of "deceptive editing" of his interview with presidential rival Kamala Harris.

Late night talk show hosts have rallied around Stephen Colbert after The Late Show was canceled by CBS. Colbert, 61, announced the news during the Thursday, July 17, episode taping of his late night show,

Yesterday, it was announced that Stephen's beloved talk show will be ending in 2026 — just days after he publicly criticized a settlement between Paramount and the president.