CBS announced Thursday “The Late Show” will end in May at the end of its broadcast season. Though CBS and parent company Paramount said the choice to cancel the series was “purely a financial decision,” and the show was reportedly losing the network $40 million a year, many liberal commentators claim it was for political reasons.

Paramount, the network’s parent, recently agreed to pay President Trump $16 million to settle his lawsuit over the editing of an interview on the CBS News program “60 Minutes.”

Monday night's (July 21) show also featured kiss cam-style pop-ins from supportive fellow talkers Anderson Cooper, Jimmy Fallon, Jon Stewart and Adam Sandler.

A new report revealed Stephen Colbert's manager knew about "The Late Show" cancellation weeks before the host, with sources claiming the decision was financially motivated.

The late-night legend took aim at his former network home and David Ellison's media company, speculating that Colbert's show was canceled for political reasons.

The union says of the Colbert cancellation, "Now, more urgently than ever, is a time for courage, not cowardice."

The Late Show with Stephen Colbert's $40 million annual losses led to its cancellation according to two liberal media columns, dismissing political motivations.