It was reported last night that CBS has cancelled The Late Show with Stephen Colbert, just days after he criticized Paramount’s settlement with President Trump.

But according to Politico, CBS appears to be getting out of the late night TV show business altogether.

Here’s what they wrote:

Comedian and political commentator Stephen Colbert announced Thursday night on air that CBS will cancel his “The Late Show” starting in May 2026.

Though CBS said in a statement that canceling the show was “purely a financial decision” not related to its performance or content, the announcement follows Colbert’s criticism of a settlement between President Donald Trump and Paramount Global, CBS’s parent company.

Paramount agreed to pay Trump $16 million to settle a lawsuit over edits to an October 2024 interview conducted on CBS’s “60 Minutes” with Democratic presidential candidate Kamala Harris. Colbert, who frequently skewered Trump on his show, called the settlement a “big fat bribe” on air this Monday.

Colbert alluded to the settlement made by Paramount earlier in the week.

“I don’t know if anything, anything will repair my trust in this company,” Colbert said Monday on his show. “But, just taking a stab at it, I’d say $16 million would help.”

On Thursday, he said that “The Late Show” would end, as he is “not being replaced. This is all just going away” — as the audience responded with loud boos.

Trump was quite happy to see this news, writing “I absolutely love that Colbert’ got fired. His talent was even less than his ratings. I hear Jimmy Kimmel is next. Has even less talent than Colbert! Greg Gutfeld is better than all of them combined, including the Moron on NBC who ruined the once great Tonight Show.”

I wonder if this is an effort by CBS at course-correcting after their atrocious 60 Minutes interview last year with Kamala, that cost them $16 million. It probably isn’t, but I’m glad to see a very smug Colbert get his butt kicked out of late night TV.