Since Stephen Colbert announced that the "Late Show" was canceled, viewers and industry insiders alike have been quick to offer dueling explanations.

A new report revealed Stephen Colbert's manager knew about "The Late Show" cancellation weeks before the host, with sources claiming the decision was financially motivated.

Two of the biggest and most opposite stories in entertainment this week involve the same company: Paramount Global, owners of both Paramount Pictures and CBS television. On the one hand, they’ve cancelled The Late Show with Stephen Colbert.

Colbert’s late show on CBS has never won a TV Academy prize. The president could well now have changed that. The video plays like a cave painting from the Neolithic era or, even more distantly, from when late-night television still mattered: Stephen Colbert sits in the host chair and makes amends with Donald Trump.

"CBS Mornings" co-host Tony Dokoupil pushed back at the liberal outrage over his network's decision to cancel "The Late Show with Stephen Colbert."

Colbert called it an “insane thing” to put on social media. “If you or I put up an AI video depicting the violent arrest of a former president, we would get a free ride in a windowless van to FBI headquarters, where they would put us to work redacting Trump’s name from the Epstein file,” Colbert said. And that may not even be the worst of it.

John Oliver, Jon Stewart, Jimmy Fallon, Seth Meyers and more had cameos during the July 21 episode of "The Late Show With Stephen Colbert."

The View" co-host Sunny Hostin suggested on Tuesday that the decision to cancel “The Late Show with Stephen Colbert" could lead to the end of democracy.