
A decision to cancel the "Late Show With Stephen Colbert" is prompting members of Congress to speak out, as the timing draws attention to a recent settlement between Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) and President Donald Trump.
What Happened: Paramount, which owns the CBS network, has confirmed plans to end the "Late Show" in May 2026, news that comes after the media company settled a lawsuit with Trump surrounding a "60 Minutes" interview with Democratic presidential candidate Kamala Harris.