CBS says the decision is ‘purely a financial decision’ not related to ‘content or other matters happening at Paramount.’

Later, Schiff did address CBS’ decision to cancel Late Show, writing on X, “Just finished taping with Stephen Colbert who announced his show was cancelled. If Paramount and CBS ended the Late Show for political reasons, the public deserves to know. And deserves better.”

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 and Jon Stewart slammed Paramount for making a deal with Trump, serving notice they won't be silenced by their parent company.