R adio host and podcaster Megyn Kelly tried to take a victory lap after Stephen Colbert ’s “Late Show” was canceled by CBS last week after 10 years on the air and despite it being the highest-rated show in its time slot.

The Late Show with Stephen Colbert was recently announced to be ending in May 2026 after a 33-year run. Since then, people have speculated whether the talk show host was fired. A social media user intensified the speculation by claiming that CBS axed Colbert from his show for criticizing Donald Trump.

CBS parent Paramount insists that this week's decision to cancel Steven Colbert's “Late Show” was strictly financial, and had nothing to do with politics.

Stephen Colbert's Late Show will end in May 2026 as CBS faces financial concerns, while politicians like Bernie Sanders question if the cancellation relates to Trump criticism.

Democrats and their legacy media allies were quick to blame President Donald Trump for Stephen Colbert getting canceled. But Colbert only has himself to blame.

Speaking to journalists in Erie, Pennsylvania on Saturday, the host of "Last Week Tonight with John Oliver" said he had grown up watching U.S. late night television, adding that the cancellation was "terrible news for the world of comedy".

Here's a look at some of Stephen Colbert's most partisan moments from the past decade after it was announced on Friday that "The Late Show" would end in 2026.