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Kevin O’Leary on Colbert’s Trump Attack: ‘Moron’

UNITED STATES, JUL 23 – Kevin O'Leary criticized Stephen Colbert for insulting President Trump and CBS after CBS announced cancelling Colbert's show due to $46 million annual losses amid declining late-night viewership.

  • On Tuesday, Kevin O’Leary, on CNN’s NewsNight, called Colbert a “moron” for his criticism of Trump and predicted CBS will fire him, referencing a fiery rant.
  • Amid financial scrutiny, CBS announced on Thursday it will cancel The Late Show with Stephen Colbert in May 2026 due to losses pegged between $40 million and $50 million annually, according to an anonymous CBS source.
  • Kevin O’Leary, while calling Colbert 'dumb,' predicted CBS will fire him immediately after he told Trump to 'go f--- yourself,' Abby Phillip said Colbert was the highest rated in his time slot.
  • Amid the controversy, Trump said on Truth Social that `I absolutely love that Colbert got fired`, adding `his talent was less than his ratings`.
  • Looking ahead to May 2026, the program will end, and Kevin O’Leary predicts Colbert could exit before next year, based on his CNN comments.
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Mediaite broke the news in United States on Tuesday, July 22, 2025.
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