Rumors about the $40 million annual losses appeared to stem from reports published by a media outlet called Puck and the New York Post.

Sandra Oh criticized CBS and Paramount during her appearance on 'The Late Show with Stephen Colbert' on July 21 after its cancellation was announced. The network said it was "a financial decision," but the news came days after Colbert criticized Paramount for its $16 million settlement with President Donald Trump.

Fox News host Greg Gutfeld is the ratings king of late night with 3.1 million average viewers, despite what Stephen Colbert may be telling his audience.

For one night only, Bad Bunny will appear as a guest on 'The Late Show With Stephen Colbert,' followed by 'Late Night With Seth Meyers'

Stephen Colbert labeled himself a “martyr” for getting his flailing late-night CBS show canned — while telling  President Trump on-air to “go f–k yourself.”

Late-night host Stephen Colbert had a vulgar retort to President Donald Trump taunting him over his cancellation, saying "go f--- yourself" to audience cheers.

The surprise cancellation of The Late Show is just the latest blow to the genre.

Stephen Colbert got an assist on 'The Late Show' from some of his late-night rivals following CBS's sudden decision to axe the show.