CBS could not figure out a path to profitability in an entertainment world increasingly dominated by streaming.

Ten years on, CBS has snatched the crown off its head. The network appears to have grown so dismayed with the state of late-night television that it has unceremoniously canceled one of the genre’s most successful stalwarts: In a statement last night,

“Given Paramount’s recent capitulation to President Trump in the CBS News lawsuit, the Writers Guild of America has significant concerns that The Late Show’s cancelation is a bribe, sacrificing free speech to curry favor with the Trump Administration as the company looks for merger approval,” it noted (see full statement below).

Liberal celebrities and politicians mourned the cancellation of "The Late Show with Stephen Colbert" as CBS claims the decision is purely financial and unrelated to the show's content.

This is all just going away,” host Stephen Colbert said while taping his Thursday show.