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.

Late night shows no longer serve the role they once did — especially for generations raised on social media who don’t subscribe to TV packages. Waiting until 11:30 p.m. to hear the hot takes on the day's news is antiquated.

The cancellation from CBS comes after Colbert criticized his parent company on-air for their $16 million settlement with Trump.

Last week, Donald Trump claimed he 'absolutely loves' the fact that Stephen Colbert's long-standing talk-show has been axed, and now, the presenter has issued a damning three-word statement in response.

Stephen Colbert’s show is being canceled just as a major media merger requiring Trump administration approval moves forward, raising fears of political pressure on the press. On Morning Joe, Molly Jong-Fast calls the moment “really scary” and points to a broader fight: Rupert Murdoch,

Stephen Colbert reunites with Fallon, Stewart, Meyers, and Oliver as fans and industry react to show’s cancellation.

The network’s stated reason for canceling the show has the sheen of believability. It’s true that the late-night ecosystem is struggling. Still, Colbert’s show has consistently led the ratings for its time slot. CBS and Paramount Global, The Atlantic contended on Thursday, no longer deserve the benefit of the doubt.