The announcement came after Colbert spoke out against CBS Global settling with President Trump. Network executives said the decision to cancel "Late Night" was "purely a financial decision."
The first people to hear that CBS was canceling "The Late Show With Stephen Colbert" reacted to the news loudly, and viscerally, with a chorus of "No!" that turned into a sustained round of boos.
About 1,500 public broadcasters nationwide face severe budget cuts after the Senate voted Thursday to claw back $1.1 billion from the Corporation for Public Broadcasting.
“I am offended,” Stephen Colbert said in his monologue Monday night. “I don’t know if anything — anything — will repair my trust in this company. But, just taking a stab at it, I’d say $16 million would help.”