Paramount, which owns CBS as well as “Daily Show” network Comedy Central, is trying to complete a merger with Skydance. That deal requires approval from the FCC, the current chair of which was appointed by President Donald Trump, a frequent target of Colbert’s jokes who has complained openly about Colbert and other late night hosts.

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.

Stephen Colbert got an assist on 'The Late Show' from some of his late-night rivals following CBS's sudden decision to axe the show.

Show's Jon Stewart called out CBS, Paramount, and Donald Trump over the decision to cancel The Late Show with Stephen Colbert.

Jimmy Kimmel and his family took a stand with his family, protesting President Donald Trump following the cancelation of Stephen Colbert’s late-night show.