A new report revealed Stephen Colbert's manager knew about "The Late Show" cancellation weeks before the host, with sources claiming the decision was financially motivated.

Jay Leno's comments about politics during late-night TV take on new meaning amid the cancellation of Stephen Colbert's CBS hosting gig.

CBS canceled Stephen Colbert’s late-night show. Democrat Minnesota Gov. and failed vice-presidential candidate Tim Walz, who recently appeared on the

CBS announced Thursday “The Late Show” will end in May at the end of its broadcast season. Though CBS and parent company Paramount said the choice to cancel the series was “purely a financial decision,” and the show was reportedly losing the network $40 million a year, many liberal commentators claim it was for political reasons.

Paramount, the network’s parent, recently agreed to pay President Trump $16 million to settle his lawsuit over the editing of an interview on the CBS News program “60 Minutes.”

There’s a very simple reason why “The Late Show with Stephen Colbert” was canceled by CBS: the program was losing huge amounts of money, Puck reported. Colbert had to walk the plank because “The Late Show” was losing $40 million a year.

The shocking cancellation of Late Show With Stephen Colbert raises questions about the Paramount merger and Trump's influence.

The co-creator of "The Daily Show," Lizz Winstead, accused CBS of canceling liberal comedian Stephen Colbert's show due to fear of President Trump during an MSNBC interview.