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.

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.

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.

Colbert secured his reign by being one of Trump’s sharpest, brashest critics, a standing many see as the real reason that CBS is shutting down “The Late Show with Stephen Colbert” at the close of the 2025-2026 television season.

Speaking to journalists in Erie, Pennsylvania on Saturday, the host of "Last Week Tonight with John Oliver" said he had grown up watching U.S. late night television, adding that the cancellation was "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.

Democrats and their legacy media allies were quick to blame President Donald Trump for Stephen Colbert getting canceled. But Colbert only has himself to blame.