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.

CBS cancelled Stephen Colbert’s late-night show. Democrat Minnesota Gov. and failed vice-presidential candidate Tim Walz, who recently appeared on the show, said, “Stephen Colbert is the best in the business.

CBS announced Thursday “The Late Show” will end in May at the end of its broadcast season. Though CBS and parent company Paramount said the choice to cancel the series was “purely a financial decision,” and the show was reportedly losing the network $40 million a year, many liberal commentators claim it was for political reasons.

Senator Elizabeth Warren says it's a threat to all that 'The Late Show With Stephen Colbert' may have been canceled to curry favor with Donald Trump.

The union says of the Colbert cancellation, "Now, more urgently than ever, is a time for courage, not cowardice."

The Late Show with Stephen Colbert's $40 million annual losses led to its cancellation according to two liberal media columns, dismissing political motivations.