Show' host's comments came shortly before it was announced that CBS has canceled 'The Late Show With Stephen Colbert.'

The long-running Comedy Central show made headlines quickly after Stephen Colbert announced ‘The Late Show’s cancelation because both are owned by Paramount. Jon Stewart quickly made headlines after CBS announced the shocking cancelation of The Late Show with Stephen Colbert in July 2025.

Before CBS announced the cancellation of Stephen Colbert's The Late Show, citing financial reasons, others under the Paramount Global banner were wary of the Skydance Media merger