Core Viewpoint - CBS announced that "The Late Show with Stephen Colbert" will be canceled in May 2026, shocking fans and the entertainment industry, with Trump expressing approval of the decision and criticizing Colbert's talent compared to his ratings [1] Group 1: CBS and Programming Decisions - CBS's decision to cancel the show is purely based on financial considerations, not related to the comedic content or the operational challenges faced by its parent company, Paramount [1] - "The Late Show with Stephen Colbert" has been one of the highest-rated late-night shows in the U.S. for many years, known for its sharp humor and criticism of Trump [1] Group 2: Public Reactions - Trump welcomed the cancellation, stating that Colbert's talent is inferior to his ratings, reflecting a broader sentiment among some audiences regarding the show's host [1] - The announcement has generated significant reactions from fans and the entertainment community, indicating the show's cultural impact [1]