A new report from Puck's Matt Belloni is shedding light on the finances that led to CBS' bombshell cancellation of "The Late Show with Stephen Colbert."

The president on Friday openly basked in the news and suggested that Jimmy Kimmel might be "next" in losing his late night job.

Stephen Colbert took viewers by surprise this week when he announced The Late Show would be heading for the big TV schedule in the sky. The long-running series, which he has hosted since 2015, will leave screens next May. And not because Colbert is being replaced by a new presenter - the show is ending altogether.

Before Stephen Colbert's "Late Show" was canceled, Jon Stewart hadn't "heard anything" about whether his Comedy Central show would be canceled.

The WGA has issued a statement calling for a bribery investigation following CBS' cancellation of 'The Late Show With Stephen Colbert.'

CBS Mornings' hosts reacted with sadness and surprise to the cancellation of 'The Late Show with Stephen Colbert' that was announced Thursday.

Singer Noah Cyrus performed her new song "Way of the World" on The Late Show with Stephen Colbert Thursday. She wore a long black dress with long black gloves and performed in front of a garden arbor covered in apparent vines.