The news came shortly after Colbert spoke against CBS’s parent company, Paramount, for agreeing to pay $16 million to settle a lawsuit filed by Donald Trump over a 60 Minutes segment. While many suspected the president was behind the firing, he denied the claim, taking to his Truth Social, where he wrote:

Sandra Oh criticized CBS and Paramount during her appearance on 'The Late Show with Stephen Colbert' on July 21 after its cancellation was announced. The network said it was "a financial decision," but the news came days after Colbert criticized Paramount for its $16 million settlement with President Donald Trump.

Actress Sandra Oh cursed CBS and Paramount networks over Stephen Colbert's show cancellation, citing concerns about culture and free speech during her guest appearance.

Kicking off Monday’s show with a joke about Trump wanting to change the name of the Washington Commanders NFL team (the “Washington Epsteins,” Colbert suggested), he walked into the Ed Sullivan Theater to loud cheers and said “This is going to be fun.” It certainly was.

CBS said the cancellation wasn't related to "content or other matters happening at Paramount." Paramount controversially agreed to settle a lawsuit brought by Trump over a "60 Minutes" interview with then-presidential candidate Kamala Harris.

During a recent appearance on the “ Breaking Bread with Tom Papa ” podcast, Bee said she believes that ending Stephen Colbert’s “Late Show” was a “finacial decision,” as cited by CBS, but also thinks it was in part to “curry favor with the president” amid the merger between Paramount,