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Colbert jokes about ‘cancel culture’ and has a very pointed message for President Donald Trump

NEW YORK, UNITED STATES, JUL 22 – Stephen Colbert condemned political motives behind The Late Show's cancellation, highlighting Paramount's $16 million settlement with Trump and a $40-50 million annual loss, critics say.

  • Stephen Colbert returned to his 'Late Show' this week after CBS announced its cancellation effective next May.
  • CBS and Paramount Global attributed the decision to pure financial reasons amid shrinking ad revenue and audience shifts to streaming.
  • Colbert challenged the financial rationale during his monologue, citing leaked reports of $40–50 million losses and critiquing Donald Trump, who celebrated his firing on social media.
  • He told his audience, 'Cancel culture's gone way too far,' and responded to Trump's message saying, 'How dare you, sir,' as supporters cheered loudly.
  • The cancellation sparked debate about political motives, with Sunny Hostin warning it could threaten democracy if proven political and urging protection of the Constitution.
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The cohosts also analyzed whether 'The Late Show With Stephen Colbert' cancellation was politically driven.

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Showbiz411 broke the news in on Tuesday, July 22, 2025.
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