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Jon Stewart Slams CBS for Decision to Cancel 'The Late Show With Stephen Colbert'

UNITED STATES, JUL 22 – Jon Stewart questions financial reasons behind CBS canceling Colbert's show, linking it to the $8 billion Paramount-Skydance merger and recent $16 million Trump settlement.

  • On July 17, 2025, Stephen Colbert announced his show’s cancellation, set to end in May 2026.
  • Earlier this month, Paramount agreed to pay President Donald Trump a $16 million settlement, CBS said the cancellation was `purely a financial decision`, and Paramount’s $8 billion merger with Skydance awaits approval.
  • Amid industry decline, Stewart warned against giving in, saying `This is not the moment to give in` and closing with `Go f*ck yourself`.
  • Several late-night hosts criticized the cancellation, with John Oliver calling it `terrible, terrible news for the world of comedy`.
  • Paramount Global is seeking regulatory approval for its merger with Skydance Media, and Nielsen reports Colbert was the only late-night show to gain viewers this year, even as The New York Times found ad revenue plunged from $439 million to $220 million.
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Jon Stewart slams CBS for decision to cancel 'The Late Show With Stephen Colbert'

Jon Stewart pulled no punches Monday over CBS' cancellation of Stephen Colbert's late-night show.

·Boston, United States
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KCRW broke the news in on Monday, July 21, 2025.
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