Colbert’s cancellation came days after he mocked Paramount, which owns CBS, for its $16 million settlement with Trump in a lawsuit many considered meritless. That settlement comes as Paramount attempts a merger with Skydance Media, which requires Federal Communications Commission approval to proceed.

Trump takes victory lap over CBS axing Colbert and calls out ‘moron’ Fallon, too - CBS has claimed that the cancellation of Trump-bashing show was a ‘financial decision’ despite timing of merger