Though the cancellation comes days after Stephen Colbert criticized Paramount for settling a Trump lawsuit, the company said it was 'purely a financial decision.'

In a statement on Thursday, the network said the late-night talk show was being canceled for financial reasons. Those reasons are associated with Paramount's proposed merger with Skydance Media, which requires Federal Communications Commission (FCC) approval under the Trump administration. Paramount is the parent company of CBS.

Rosie O’Donnell Sends Direct Message to Donald Trump After Stephen Colbert’s ‘Late Show’ Cancellation originally appeared on Parade. Rosie O'Donnell sent a direct message to President Donald Trump after his response to Stephen Colbert 's Late Show cancellation and the POTUS' citizenship threat against her.