On July 14, 2025, after returning from a multi-week break, Stephen Colbert, host of CBS’ Late Night With Stephen Colbert, said: “While I was on vacation, my parent corporation, Paramount, paid Donald Trump a $16 million settlement over his ‘60 Minutes’ lawsuit.
“I believe this kind of complicated financial settlement with a sitting government official has a technical name in legal circles—it’s big fat bribe.”
Meanwhile, Paramount Global, the parent company of CBS Network, wanted to merge with Skydance Media.
For this, it needed the regulatory permission of the Federal Communications Commission (FCC) of the Trump administration.
On July 17, CBS cancelled the highest-rated late-night show on television with 2.4 million nightly viewers. It had also been nominated for 33 Emmys.
Addressing his in-house and television audience on July 17, Colbert announced: “I want to let you know something that I found out just last night. Next year will be our last season. The network will be ending The Late Show in May.
“It’s not just the end of our show, but it’s the end of The Late Show on CBS. I’m not being replaced. This is all just going away.”
In a statement, Paramount/CBS called the cancellation a purely financial decision: “It is not related in any way to the show’s performance, content or other matters happening at Paramount.”
Colbert did not directly accuse his bosses of bowing to pressure from the FCC. But he did offer this insightful comment: “Less than two years before they called to say it’s over, they were very eager for me to be signed for a long time. So, something changed.”
What “changed” was that after CBS cancelled one of Trump’s biggest critics, the merger between Paramount Global and Skydance Media was quickly approved by the FCC.
David Letterman had hosted The Late Show with David Letterman from August 30, 1993, until his retirement on May 20, 2015. In a May 5, 2025 interview with the New York Times, he didn’t mince words about what he felt was behind the cancellation:
Colbert “was dumped because the people selling the network to Skydance said, ‘Oh no, there’s not going to be any trouble with that guy. We’re going to take care of the show. We’re just going to throw that into the deal. When will the ink on the check dry?'”
CBS is one of the most profitable broadcast networks in the United States, through massive advertising revenue, affiliate fees, and sports broadcast rights.
Yet the owners of its parent company, Paramount Global—whose revenue stood at $29.2 billion in 2024—felt they could enrich themselves even more by acquiring Skydance Media.
And if siding with a dictatorial administration to strike a blow at freedom of speech was necessary to make the deal go forward, so be it.
The Ed Sullivan Theater, where Stephen Colbert reigned for 11 years
Ajay Suresh from New York, NY, USA, CC BY 2.0 <https://creativecommons.org/licenses/by/2.0>, via Wikimedia Commons
Disney didn’t reinstate Jimmy Kimmel Live! out of a steadfast commitment to the First Amendment. It did so only after a massive public backlash led to a widespread boycott of subscriptions to Disney+ and Hulu—and a steep drop in Disney’s stock value.
Stephen Colbert had no such reprieve. But he never—at least not in public—lost his poise. He often joked about the upcoming end of his show, endured jokes from his guests about it—and never stopped speaking truth to power at the expense of the Trump administration.
“The only choice you have is how to walk through it,” said his friend and mentor, Jon Stewart, as he and Colbert gazed into a fictitious green wormhole. “You can go in kicking and screaming. Or you can do what you’ve done for the past 30 years when faced with something dark: You stare it down and you can laugh.”
On his last night as host of The Late Show Colbert did exactly that, turning what could have been a mournful event into a celebration of joy and defiance.
Stephen Colbert Signs off “Late Show” with Emotional Goodbye https://www.youtube.com/watch?v=znec-DIff8o
There had been speculation that Colbert, a devout Catholic, might book Pope Leo XIV for his final show. So Colbert turned it into a gag. He pretended that he was about to bring out the pope for an interview—only to be told the Pontiff was refusing to come out of his dressing room.
“We got him the wrong snacks,” an unidentified voice informed him.
“Who’s going to be my last guest now?” asked Colbert—to be answered by Paul McCartney: “Hey, Stephen, what about me?”
Massive applause resounded as the former Beatle walked onstage.
Stephen Colbert and Paul McCartney
McCartney not only served as Colbert’s last interview guest but as his musical one as well. And McCartney led the band—and the audience—in a rousing number of “Hello, Goodbye,” the Beatles’ 1967 hit:
You say goodbye and I say hello
Hello hello
I don’t know why you say goodbye, I say hello
Hello hello
I don’t know why you say goodbye, I say hello
Members of the audience—probably including relatives of the show’s cast—swarmed onto the stage to join McCartney, Colbert and the band in what was an act of celebration and defiance: “When faced with something dark, you stare it down and you can laugh.”
Thus Stephen Colbert went gentle—and triumphant—into that good night.
Bureaucracybuster's Blog
60 MINUTES, ALTERNET, AMERICABLOG, AP, BABY BOOMER RESISTANCE, BBC, BLOOMBERG, BLUESKY, BRENDAN CARR, BUZZFEED, CBS NEWS, CHARLIE KIRK, CNN, COMCAST, CROOKS AND LIARS, DAILY KOS, DAVID LETTERMAN, DICK SMOTHERS, DIVERSITY EQUITY AND INCLUSION (DEI), DONALD TRUMP, ERIC TRUMP, FEDERAL COMMUNICATIONS COMMISSION (FCC), FIVETHIRTYEIGHT, HARPER’S MAGAZINE, HUFFINGTON POST, JIMMY FALLON, JIMMY KIMMEL, JIMMY KIMMEL LIVE!, JOSEPH MCCARTHY, Kamala Harris, LYNDON JOHNSON, MEDIA MATTERS, MOTHER JONES, MOVEON, MSNBC, NAZI GERMANY, NBC NEWS, NEWSDAY, NEWSWEEK, NICCOLO MACHIAVELLI, NPR, PARAMOUNT GLOBAL, PAUL MCCARTNEY, PBS NEWSHOUR, POLITICO, POLITICUSUSA, RAW STORY, REUTERS, SALON, SEATTLE TIMES, SKYDANCE MEDIA, SLATE, STEPHEN COLBERT, TALKING POINTS MEMO, THE ATLANTIC, THE CHICAGO SUN-TIMES, THE CHICAGO TRIBUNE, THE DAILY BEAST, THE DAILY BLOG, THE DISCOURSES (BOOK), THE GUARDIAN, THE HILL, THE HUFFINGTON POST, THE INTERCEPT, THE LATE SHOW WITH DAVID LETTERMAN, THE LATE SHOW WITH STEPHEN COLBERT, THE LOS ANGELES TIMES, THE NATION, THE NEW REPUBLIC, THE NEW YORK TIMES, THE NEW YORKER, THE SMOTHERS BROTHERS COMEDY HOUR, THE TONIGHT SHOW STRRING JIMMY FALLON, THE VILLAGE VOICE, THE WASHINGTON POST, THINKPROGRESS, TIME, TOM SMOTHERS, TOMMY SMOTHERS, TRUTHDIG, TRUTHOUT, TWO POLITICAL JUNKIES, TYLER ROBINWSON, U.S. NEWS & WORLD REPORT, UPI, USA TODAY, WALT DISNEY COMPANY, WILLIAM L. SHIRER, X
STEPHEN COLBERT: TRIUMPHANT IN DEFEAT: PART TWO (END)
In Bureaucracy, Business, Entertainment, History, Politics, Social commentary on May 27, 2026 at 12:10 amOn July 14, 2025, after returning from a multi-week break, Stephen Colbert, host of CBS’ Late Night With Stephen Colbert, said: “While I was on vacation, my parent corporation, Paramount, paid Donald Trump a $16 million settlement over his ‘60 Minutes’ lawsuit.
“I believe this kind of complicated financial settlement with a sitting government official has a technical name in legal circles—it’s big fat bribe.”
Meanwhile, Paramount Global, the parent company of CBS Network, wanted to merge with Skydance Media.
For this, it needed the regulatory permission of the Federal Communications Commission (FCC) of the Trump administration.
On July 17, CBS cancelled the highest-rated late-night show on television with 2.4 million nightly viewers. It had also been nominated for 33 Emmys.
Addressing his in-house and television audience on July 17, Colbert announced: “I want to let you know something that I found out just last night. Next year will be our last season. The network will be ending The Late Show in May.
“It’s not just the end of our show, but it’s the end of The Late Show on CBS. I’m not being replaced. This is all just going away.”
In a statement, Paramount/CBS called the cancellation a purely financial decision: “It is not related in any way to the show’s performance, content or other matters happening at Paramount.”
Colbert did not directly accuse his bosses of bowing to pressure from the FCC. But he did offer this insightful comment: “Less than two years before they called to say it’s over, they were very eager for me to be signed for a long time. So, something changed.”
What “changed” was that after CBS cancelled one of Trump’s biggest critics, the merger between Paramount Global and Skydance Media was quickly approved by the FCC.
David Letterman had hosted The Late Show with David Letterman from August 30, 1993, until his retirement on May 20, 2015. In a May 5, 2025 interview with the New York Times, he didn’t mince words about what he felt was behind the cancellation:
Colbert “was dumped because the people selling the network to Skydance said, ‘Oh no, there’s not going to be any trouble with that guy. We’re going to take care of the show. We’re just going to throw that into the deal. When will the ink on the check dry?'”
CBS is one of the most profitable broadcast networks in the United States, through massive advertising revenue, affiliate fees, and sports broadcast rights.
Yet the owners of its parent company, Paramount Global—whose revenue stood at $29.2 billion in 2024—felt they could enrich themselves even more by acquiring Skydance Media.
And if siding with a dictatorial administration to strike a blow at freedom of speech was necessary to make the deal go forward, so be it.
The Ed Sullivan Theater, where Stephen Colbert reigned for 11 years
Ajay Suresh from New York, NY, USA, CC BY 2.0 <https://creativecommons.org/licenses/by/2.0>, via Wikimedia Commons
Disney didn’t reinstate Jimmy Kimmel Live! out of a steadfast commitment to the First Amendment. It did so only after a massive public backlash led to a widespread boycott of subscriptions to Disney+ and Hulu—and a steep drop in Disney’s stock value.
Stephen Colbert had no such reprieve. But he never—at least not in public—lost his poise. He often joked about the upcoming end of his show, endured jokes from his guests about it—and never stopped speaking truth to power at the expense of the Trump administration.
“The only choice you have is how to walk through it,” said his friend and mentor, Jon Stewart, as he and Colbert gazed into a fictitious green wormhole. “You can go in kicking and screaming. Or you can do what you’ve done for the past 30 years when faced with something dark: You stare it down and you can laugh.”
On his last night as host of The Late Show Colbert did exactly that, turning what could have been a mournful event into a celebration of joy and defiance.
Stephen Colbert Signs off “Late Show” with Emotional Goodbye https://www.youtube.com/watch?v=znec-DIff8o
There had been speculation that Colbert, a devout Catholic, might book Pope Leo XIV for his final show. So Colbert turned it into a gag. He pretended that he was about to bring out the pope for an interview—only to be told the Pontiff was refusing to come out of his dressing room.
“We got him the wrong snacks,” an unidentified voice informed him.
“Who’s going to be my last guest now?” asked Colbert—to be answered by Paul McCartney: “Hey, Stephen, what about me?”
Massive applause resounded as the former Beatle walked onstage.
Stephen Colbert and Paul McCartney
McCartney not only served as Colbert’s last interview guest but as his musical one as well. And McCartney led the band—and the audience—in a rousing number of “Hello, Goodbye,” the Beatles’ 1967 hit:
You say goodbye and I say hello
Hello hello
I don’t know why you say goodbye, I say hello
Hello hello
I don’t know why you say goodbye, I say hello
Members of the audience—probably including relatives of the show’s cast—swarmed onto the stage to join McCartney, Colbert and the band in what was an act of celebration and defiance: “When faced with something dark, you stare it down and you can laugh.”
Thus Stephen Colbert went gentle—and triumphant—into that good night.
Share this:
Related