Paramount merger on Monday during his monologue, mocking the news with pee jokes as the company will trade under the ticker, "PSKY."

Paramount had said it expected to close the $8.4 billion merger in the first half of 2025. But the first half of the year came and went, and the merger remained under review by the FCC and its chair Brendan Carr, who had been appointed to the role earlier this year by President Trump.

Stephen Colbert has responded to news that the U.S. government has approved Paramount's $8.6 billion merger with Skydance Media, a deal which is widely speculated to be a reason behind the Late Show 's recent cancellation. With little left to lose, the Late Show host did not hold back in mocking his soon-to-be former employer.