Kelly said on her show Friday that Colbert took “The Late Show” ― which was started by David Letterman ― and “completely drove it into the ground.” “He desperately wanted to be Keith Olbermann,” she said.

The Late Show with Stephen Colbert was recently announced to be ending in May 2026 after a 33-year run. Since then, people have speculated whether the talk show host was fired. A social media user intensified the speculation by claiming that CBS axed Colbert from his show for criticizing Donald Trump.

“Last Week Tonight” host John Oliver noted that the cancellation of “The Late Show with Stephen Colbert” is “very sad” while speaking with reporters Saturday night. Oliver added of his friend, “I love Stephen, I love his staff. I love that show, it’s incredibly sad.”

Stephen Colbert's Late Show will end in May 2026 as CBS faces financial concerns, while politicians like Bernie Sanders question if the cancellation relates to Trump criticism.

CBS parent Paramount insists that this week's decision to cancel Steven Colbert's “Late Show” was strictly financial, and had nothing to do with politics.

Tomi also discusses today’s biggest topics from the Epstein saga to the Russian Hoax.

Whatever happened, fellow late-night comedian John Oliver finds the whole thing “incredibly sad.” Oliver commented on the cancellation while promoting the Erie Moon Mammoths, his rebrand for the minor league baseball team, the Erie SeaWolves.

John Oliver has weighed in on CBS' cancellation of "The Late Show With Stephen Colbert," calling it "terrible news for the world of comedy."

Fox News Digital spoke with CBS insiders who question the timing of the network's shocking decision to cancel "The Late Show with Stephen Colbert" next year.