Stephen Colbert began his Tuesday monologue by declaring "it's a great day to be me, because I am not Donald Trump. That guy has problems." Specifically, Colbert explained, problems related to deceased billionaire sex offender Jeffrey Epstein.

In the wake of the cancellation of Stephen Colbert's "The Late Show", Donald Trump has taken to social media to express his joy at the decision.

Colbert torches Trump, CBS, and Paramount in a surreal kiss cam parody with Weird Al, Lin-Manuel, and cartoon Trump hugging the Paramount logo.

CBS’ decision to cut ties with Stephen Colbert and its decades-old “Late Show” franchise come next May will leave a major hole in the format — but one that has been widening. TV networks have been cutting costs at their late-night mainstays for the past few years.

Stephen Colbert delivered a withering one-two takedown of President Donald Trump, mocking his recent Air Force One stumble and his decision to “deploy troops against our fellow Americans.”

Colbert’s cancellation came days after he mocked Paramount, which owns CBS, for its $16 million settlement with Trump in a lawsuit many considered meritless. That settlement comes as Paramount attempts a merger with Skydance Media, which requires Federal Communications Commission approval to proceed.