Paramount and CBS executives said in a statement the cancellation “is purely a financial decision against a challenging backdrop in late night. It is not related in any way to the show’s performance,...

Stephen Colbert was receiving messages of support and affection from his fellow late-night hosts after announcing that CBS was canceling his show, “The Late Show With Stephen Colbert,” next May.

President Donald Trump could not contain his glee over CBS’ cancellation of “The Late Show with Stephen Colbert,” — and he predicted that ABC’s Jimmy Kimmel would be next to get the ax.