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flag Stephen Colbert says CBS canceled his show after a billionaire-led takeover bid, calling it a betrayal.

flag Stephen Colbert, in a candid New Year’s Eve 2026 interview on CNN, revealed that the cancellation of his CBS show, *The Late Show*, was a lesson in not trusting billionaires. flag He cited the parent company, Paramount, launching a $108 billion hostile bid for Warner Bros. flag Discovery shortly after canceling his show, suggesting the company had the resources to keep it on air. flag Speaking with hosts Andy Cohen and Anderson Cooper, Colbert expressed personal betrayal, criticized corporate decisions, and shared humorous, unfiltered moments, including forgetting guests and joking about his marriage. flag The show’s final episode is set for May 2026.

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