At the time, Paramount, CBS’s parent company, was in the process of finalising a $16m settlement in a lawsuit with President Trump, who had sued CBS for $10bn. The accusations were based on supposed deceptive editing of an interview with former vice president Kamala Harris during her presidential campaign in October 2024.
Paramount was also in the middle of a merger with the entertainment company Skydance, a deal that required approval from the Trump administration. Therefore, many have pointed to the US president having a significant part in the cancellation of The Late Show, especially since he was the target of many of Colbert’s jokes over his 11-year run.
When it was first announced, Colbert himself called the merger a “big fat bribe”, specifically noting that Paramount could have fought the lawsuit and that the company itself claimed it had been “completely without merit.”





