The state of late-night TV is keeping media executives from sleeping well. CBS’ decision to cut ties with Stephen Colbert and its decades-old “Late Show” franchise come next May will leave a major hole in the format — but one that has been widening.

Stephen Colbert slammed Paramount's $16 million settlement with Donald Trump just three days before 'The Late Show' was canceled. The network attributed its decision to financial restraints, unrelated

From the moment Stephen Colbert shared that The Late Show was canceled and he would depart in May, entertainment industry folks and politicians alike speculated that the reason for the host’s dismissal and the cancellation of his show was his outspoken politics,

CBS has claimed that the cancellation of Trump-bashing show was a ‘financial decision’ despite timing of merger

O'Donnell, a recent target of the president's threats, sounded the alarm on the network's stunning "Late Show" decision.

President Donald Trump was gleeful over Stephen Colbert's cancellation, saying his "talent was even less than his ratings" on Truth Social.

Colbert followed “The Daily Show” host Jon Stewart’s attack of the deal one week earlier. Stewart works for Comedy Central, also owned by Paramount, making the two comics the most visible internal critics of the $16 million settlement that was announced on July 1.