Former President Donald Trump gloated after CBS announced *The Late Show with Stephen Colbert* would end in May 2026. The decision came just days after Colbert called Paramount’s $16 million settlement with Trump a “big fat bribe.”

Paramount and CBS claimed the cancellation was a financial decision, unrelated to ratings or content. Colbert’s show remains one of late-night TV’s top performers, averaging 2.4 million nightly viewers.

On Truth Social, Trump mocked Colbert, writing, *”I absolutely love that Colbert got fired. His talent was even less than his ratings.”* He also took shots at Jimmy Kimmel and NBC’s *Tonight Show* host.

The timing raised eyebrows, especially after Colbert criticized Paramount’s payout to Trump amid its $8.4 billion merger talks. Senator Elizabeth Warren questioned if the cancellation was politically motivated.

Trump praised Fox News’ Greg Gutfeld, who recently faced backlash for controversial remarks. Meanwhile, CBS executives called Colbert “irreplaceable” but cited financial pressures in late-night TV.

Colbert’s show, known for its political satire, frequently targeted Trump. The ex-president’s gleeful response highlights their long-standing feud. Paramount has not commented on the allegations.

The cancellation marks the end of an era for late-night TV, leaving fans and critics debating whether corporate interests or politics played a role.