Stephen Colbert's Late Show was cancelled by CBS for "financial" reasons, but the timing after his criticism of the network has sparked political speculation.

The new president of Paramount has spoken out on the issues late night TV is facing - just weeks after shock axe of The Late Show with Stephen Colbert.

Stephen Colbert has joined the cast of a CBS series as a talk show host. The news comes after he announced his exit as the host of the network’s The Late Show. It was also revealed at the time that CBS would retire the Late Show franchise altogether in 2026 with Colbert’s departure.