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Stephen Colbert Weighs Trump’s Influence on ‘Late Show’ Cancellation vs. CBS Finances: ‘2 Things Can Be True’

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Stephen Colbert told the New York Times he believes “two things can be true” about CBS’ cancellation of “The Late Show,” amid rumors that the network’s decision to axe the late night series was made to appease President Trump.

CBS has called the cancellation “purely a financial decision against a challenging backdrop in late night.” However, the cancellation came in July 2025, just days after Colbert called CBS parent company Paramount’s $16 million “60 Minutes” settlement with President Trump a “big fat bribe” on-air designed to ensure that the Trump administration’s FCC would approve the company’s since-completed merger with Skydance Media.

The timing of the cancellation has caused many to speculate that it was done to appease Trump and his administration. Colbert, for his part, told the New York Times that he believes it is possible that is the case and that “The Late Show” was costing CBS too much to go on.

“I do not dispute their rationale,” Colbert said of the rumors surrounding his show’s cancellation. “I also completely understand why people would say (A) that doesn’t make sense to me and (B) that seems fishy to me, because the network did it to themselves by bending the knee to the Trump administration over a $20 billion, settled for $16 million, completely frivolous lawsuit.”

“It’s possible that two things can be true. Broadcast can be in trouble. They cannot monetize because of things like YouTube, because of the competition of streaming,” Colbert continued. “I do not have any desire to debate them over what they say their business model is and how it does not work for them anymore. But less than two years before they called to say it’s over, they were very eager for me to be signed for a long time. So, something changed.”

As Colbert’s latter comment notes, CBS encouraged him in 2023 to sign a contract extension to host “The Late Show” for up to five years. He ultimately signed a three-year deal. The host nonetheless refused to tell the New York Times whether or not he believes one explanation for “The Late Show’s” fate over the other.

“I believe two things can be true. I’m not saying the two things are true. It behooves me not, it ain’t ‘behoovy’ for me, to spend a lot of time thinking about that,” Colbert said. “I have zero desire to have a contentious relationship with my network. I’ve really liked working with CBS. They’ve been great partners. And I’d like to end it that way. Eleven years is a long time to work here. And almost 10 years before that, almost 21 years altogether, in late night. I feel so much better to be ‘grateful for’ than to be ‘mad about.’”

In the same interview, Colbert fervently dismissed the Trump administration’s insistence that “The Late Show” and TV’s other late night titles have become unfairly partisan.

“I don’t have any problem with Trump being a Republican,” Colbert explained. “I have a problem with Trump being a complete narcissist who is only working for his own interest and does not appear to care if the entire world burns. That’s not a partisan position. I have eyeballs and ears, and I think calling late night partisan is just roughing the ref.”

“I reject the partisan description. Partisan means you’re never, ever going to make a joke about a Democrat, and that’s just not true,” Colbert concluded, adding, “There’s just no comparison of how fertile the fields are.”

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‘SNL’: Jalen Brunson Dunks On ‘High School Musical ‘ Lead In S52 Premiere

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Following the Knicks’ big win at Madison Square Garden, Jalen Brunson took the stage at 30 Rockefeller Center for his Saturday Night Live hosting debut.

On Saturday’s Season 52 premiere, the NBA Finals 2026 MVP showed off some comedic chops in an otherwise business-as-usual episode of the NBC sketch comedy show, which featured Katseye as its musical guest.

Introducing new cast members Grace Reiter and Saidah Belo-Osagie, Katseye returned to a parody season of The Debut: Dream Academy to crown a new girl group. The quartet also performed in a mini music video with the awkward group of ladies, also featuring Jane Wickline and Veronika Slowikowska.

The next sketch was a support group featuring Brunson as one of several men whose spouses were grinded on at Usher and Chris Brown’s The R&B Tour.

“When I spent $1,200 on that meet-and-greet, I never expected her to actually greet his meat,” said Brunson as the other group members comforted him.

Katseye on ‘Saturday Night Live’

Jeremy Culhane and Jalen Brunson in ‘Saturday Night Live’

Jalen Brunson, Jeremy Culhane and Ben Marshall on ‘Saturday Night Live’

Brunson also starred in the parody sketch High School Musical: The New Generation as an athletically gifted new student who hilariously keeps dunking on the new Troy Bolton stand-in (Jeremy Culhane) and steals his girlfriend (Slowikowska).

As Shark Tank judge Daymond John, Brunson asked if the invention Respectacles, a pair of glasses that sounds an alarm when the wearer looks at breasts, “works for ass.” The inventors’ (Culhane and Ben Marshall) presentation keeps getting interrupted as they check out Lori Greiner.

Saturday Night Live kicked off its 52nd season this weekend on NBC with host Brunson and musical guest Katseye. The season continues with guest hosts Dakota Johnson, Shane Gillis and Inde Navarrette, along with musical guests Turnstile, Rosalía and Gracie Abrams.

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‘SNL’ New Cast Members: How Season 52 Introduced Them

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For those wondering how SNL‘s new cast members factored into tonight’s season premiere, the answer is: not much.

The two new featured players, Saidah Belo-Osagie and Grace Reiter, were introduced together, as part of an early sketch on the search for reality competition The Debut: Dream Academy‘s next breakout girl group.

Belo-Osagie played Neelsa Boyce, a 17-year-old entrant who sought to become a pop star after playing Young Nala in The Lion King on Broadway when she was a kid.

Reiter got more screen time as Margle, who “only wear [s] flip flops because I keep passing out when I try to tie my shoes.”

After she’s first introduced onscreen, Margle shows up fully nude to a dance choreography session. We later learn that she and another eccentric contestant on the series named Duff (Jane Wickline) were only invited to participate after witnessing an executive behind the show, played by Ashley Padilla, committing a hit and run.

Margle is surprised to learn what Dream Academy is actually about, as a show: She says she thought it was a “show where you learned to control dreams.”

Subsequently, she pitches “Moose Knuckle” as a band name and the line “Newton’s Cradle, come and get it” during a songwriting exercise.

The sketch culminates with a performance by the final girl group, featuring Margle, who performs the hot new single “Newton’s Cradle” alongside The Debut Season 1’s KATSEYE (who happened to be the SNL season premiere’s musical guest).

Reiter made one other appearance tonight in the night’s final sketch, which opens on host Jalen Brunson (of the recent NBA Finals-winning New York Knicks) in the locker room. He won’t be meeting with reporters after tonight’s game, he says — though he’s visited regardless by a grey-haired Kenan Thompson, who reveals himself to be the NBA star’s third-grade coach — you know, the one who had a “really bad drinking problem”?

Coach Dennis has come around seeking a “small loan” and in hopes of getting Brunson to read his porno screenplay. Thompson introduces Reiter as Tonya, an immigrant who came to the U.S. eight years ago with a dream, who he hopes to rope into his porn. Kam Patterson also features in the sketch, which culminates in his, Reiter and Thompson’s characters stealing jerseys from the empty locker room and running away.

That was all the night had in the cards for Belo-Osagie and Reiter. Often, SNL will use its Weekend Update segment to help break in its new talent, though special segments of tonight’s presentation were instead devoted to special panelists Dario Amodei (played by Wickline) and Tucker Carlson (played by Jeremy Culhane).

Before returning for the new season, SNL said goodbye to Chloe Fineman and writer-performer Martin Herlihy, who was first introduced on the show as part of the trio Please Don’t Destroy. Other returning cast includes Kenan Thompson, Michael Che, Colin Jost, Mikey Day, Sarah Sherman, Marcello Hernández, James Austin Johnson, Andrew Dismukes, Ben Marshall, Tommy Brennan, Kam Patterson and Veronika Slowikowska.

Jalen Brunson, point guard for the 2026 NBA Finals-winning New York Knicks, hosted the kickoff episode for Season 52. Upcoming episodes will pair Dakota Johnson & Turnstile (October 3), Shane Gillis & Rosalía (October 10) and Inde Navarette & Gracie Abrams (October 31).

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‘SNL’ Weekend Update: Tucker Carlson Slams Summer Box Office

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‘SNL’ Weekend Update: Tucker Carlson Slams Summer Box Office







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