Liberal celebrities and politicians mourned the cancellation of "The Late Show with Stephen Colbert" as CBS claims the decision is purely financial and unrelated to the show's content.

CBS’ cancelation of its long-running The Late Show franchise, hosted by Stephen Colbert for the last decade, has left not only the public heartbroken and outraged, but Hollywood as well. Colbert, 61, who’s fronted the talk show since taking over from David Letterman in 2015, shared the network’s decision during Thursday’s broadcast.

"They have to have what it takes to succeed independently, but not if it relies on old structures," one expert told Newsweek.

CBS Mornings' hosts reacted with sadness and surprise to the cancellation of 'The Late Show with Stephen Colbert' that was announced Thursday.

Stephen Colbert returned from vacation loaded for bear. The CBS late-night comic referred to the settlement between his parent company, Paramount Global, and President Donald Trump over a “60 Minutes” interview as a “big,