The cancellation from CBS comes in the aftermath of Colbert criticizing his parent company on-air for their $16 million settlement with Trump

In a shocking move, CBS is ending “The Late Show with Stephen Colbert” next year, and apparently exiting the late-night television business altogether. The network, citing financial pressures,

CBS will end Stephen Colbert's "Late Show" next season after the comedian openly criticized the network and its parent company, Paramount, over a settlement with President Donald Trump. CBS executives insisted in a statement that the cancellation was "purely a financial decision.

Related: "Evidence Of Trump’s Stupidity": Trump Was Ruthlessly Mocked After Suffering A Brain Fart While Trying To Insult Biden “None of that is true either,” Colbert said. Kaczynski went to Harvard, not MIT.

Stephen Colbert made the announcement himself to his studio audience on Thursday at the Ed Sullivan Theater in New York City. "I want to let you know something I found out just last night," he said, USA Today reports.

Stephen Colbert went off on his employer, Paramount, on Monday after the company decided to settle with President Trump in his lawsuit against the network.

Stephen Colbert weighed in on the conspiracy theories surrounding Jeffrey Epstein on the Wednesday, July 16, episode of The Late Show With Stephen Colbert. To kick off his monologue, he said, “I don’t know what you all are talking about, but everybody I talk to is talking about what Donald Trump doesn’t want to talk about. So let’s talk about it.”

Stephen Colbert had some fun on Wednesday, devoting almost his entire monologue to the ongoing internecine fighting among Republicans over Jeffrey Epstein. And at one point, he pretended to become completely consumed by conspiracy theorizing,