Even CNN’s Brian Stelter, no fan of Trump, said as much, writing: “The bottom has indeed been falling out of the late-night TV business model for several years now. Audience fragmentation and digital competition have led to a decline in ad revenue across the board. One insider described it as ‘cratering’ at CBS.”

Donald Trump has weighed in on CBS axing The Late Show with Stephen Colbert while taking aim at several other late-night hosts.It was announced yesterday that CBS will bring The Late Show to an end in May.

President Donald Trump was gleeful over Stephen Colbert's cancellation, saying his "talent was even less than his ratings" on Truth Social.

Schiff reminded viewers of Trump’s attacks on him. “Ever since I led his first impeachment, he’s threatened me with jail, prosecution, called me a traitor, accused me of treason… blah blah blah,” he said. Then Schiff turned directly to the camera with a message for the president.

Later, Schiff did address CBS’ decision to cancel Late Show, writing on X, “Just finished taping with Stephen Colbert who announced his show was cancelled. If Paramount and CBS ended the Late Show for political reasons, the public deserves to know. And deserves better.”