Stephen Colbert slammed Paramount's $16 million settlement with Donald Trump just three days before 'The Late Show' was canceled. The network attributed its decision to financial restraints, unrelated

CBS’ decision to cut ties with Stephen Colbert and its decades-old “Late Show” franchise come next May will leave a major hole in the format — but one that has been widening. TV networks have been cutting costs at their late-night mainstays for the past few years.

More than a dozen high-profile news anchors and hosts have left their roles or had their shows canceled. See who's been impacted in recent months.

Stephen Colbert's friends and colleagues are in shock at The Late Show's surprise cancellation.