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.

Former MSNBC host rejects theory that Trump criticism led to ‘The Late Show’ cancellation as CBS cites $40M annual losses.

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

Fox News host Greg Gutfeld boasted that his show “beat all these guys” in the late-night ratings, featuring a report by the Washington Examiner. During Fox News’s The Five Friday, the hosts referred to a report from the Washington Examiner that compared the recent television ratings between Gutfeld!

The Late Show With Stephen Colbert has never won any Emmy in its previous nine seasons despite some notable streaks of excellence. (It has been nominated 31 times.) For much of that period, it competed in late-night’s top category against Last Week Tonight With John Oliver, which Emmy voters love the way Oliver loves a minor-league baseball team .

CBS cancelled "Late Night with Stephen Colbert" in a move that Senator Warren has criticized as potentially being done for political reasons, following Colbert's public criticism of Paramount Global's $16 million settlement with President Trump.