Jon Stewart used Monday’s episode of The Daily Show to address the cancellation of The Late Show With Stephen Colbert — and address his own uncertain future.

Stewart acknowledged that late night TV as a whole may be a relic from a bygone era, likening it to “operating a Blockbuster kiosk inside of a Tower Records.” But he raised an skeptical eyebrow to the idea that Late Show’s cancellation was a “purely financial” decision by CBS, instead labeling it “the path of least resistance” to securing CBS parent company Paramount’s $8 billion merger with Skydance Media with the approval of Donald Trump, aka “a fragile and vengeful President so insecure” and “suffering terribly from a case of chronic penis insufficiency.”

But as Stewart pointed out to Paramount executives: “The shows that you now seek to cancel, censor, and control? A not insignificant portion of that $8 billion value came from those f–king shows. That’s what made you that money.” He ultimately blamed Late Show’s cancellation on “the fear and pre-compliance that is gripping all of America’s institutions at this very moment,” before defiantly declaring: “I’m not giving in. I’m not going anywhere.” (For the record, he did add a bashful: “… I think?”) He wrapped things up by enlisting the backup of a gospel choir as he led the audience in a raucous sing-along of “Go f–k yourself!”

Colbert broke the news to his distraught audience on July 17, announcing that CBS had decided to cancel The Late Show. And this isn’t merely the end of his tenure as host — it’s the end of the franchise overall, which began in 1993 with David Letterman as host. The announcement was met with loud boos from the crowd, to which Colbert responded, “Yeah, I share your feelings.”

In a statement, CBS said, “This is purely a financial decision against a challenging backdrop in late night. It is not related in any way to the show’s performance, content or other matters happening at Paramount.”

That said, CBS’ parent company just paid $16 million to settle a lawsuit that President Donald Trump filed over an interview with his 2024 opponent, Kamala Harris, with POTUS accusing the venerable news program of deceptive editing.


Three days prior to the cancellation, Colbert referred to Paramount’s settlement as a “big fat bribe” — and on Friday, Trump celebrated CBS’ decision to cut the Late Show host loose.

Meanwhile, Stewart, whose current Daily Show contract is up in December, previously called the Paramount settlement “shameful.” He recently addressed his own uncertain future at Paramount-owned Comedy Central — specifically if the proposed merger with David Ellison’s Skydance is approved — which you can read more about here.

On Monday’s episode of CBS‘ The Late Show — the first since host Stephen Colbert revealed his show was being cancelled — Colbert got a quick visit from four of his fellow late night hosts: The Tonight Show’s Jimmy Fallon, The Daily Show’s Jon Stewart, Late Night’s Seth Meyers and Last Week Tonight’s John Oliver.

In a parody of last week’s viral Coldplay concert moment, Colbert brought out “Weird Al” Yankovic and Lin-Manuel Miranda to sing Coldplay’s “Vida la Vida” while the camera panned around the audience. The camera stopped on a few fans before landing on CNN’s Anderson Cooper and Bravo’s Andy Cohen; Fallon and Meyers; Adam Sandler and his Happy Gilmore 2 co-star Christopher McDonald; and Stewart and Oliver. After the camera stopped on a cartoon of President Donald Trump cuddling the Paramount logo and then discarding it, though, Colbert had to halt the tune, informing Yankovic and Miranda: “Your song has been cancelled.”

 

During his monologue, Colbert offered a profane response to Trump’s gleeful reaction to the cancellation, turning to a fancy Eloquence Cam and bluntly telling the commander-in-chief: “Go f–k yourself.” He also threw cold water on Trump’s prediction that Jimmy Kimmel would be next, declaring: “I am the martyr, OK? There’s only room for one on this cross, and I gotta tell you: The view is fantastic from up here!”

 

The cancellation of The Late Show was “purely a financial decision against a challenging backdrop in late night,” CBS said in a statement last week. “It is not related in any way to the show’s performance, content or other matters happening at Paramount.” Many in the industry, however, point to Colbert’s strong criticism of Trump, along with CBS’ parent company Paramount agreeing to pay Trump $16 million to settle a lawsuit related to 60 Minutes, as Paramount awaits FCC approval of its merger with Skydance Media.

Colbert announced the cancellation on Thursday’s episode, telling the studio audience: “Next year will be our last season. The network will be ending The Late Show in May.” The audience, of course, loudly booed this news, and Colbert wryly replied, “Yeah, I share your feelings.”

Many others shared their feelings as well: Kimmel, host of ABC’s Jimmy Kimmel Live!, posted on Instagram, “Love you Stephen. F–k you and all your Sheldons CBS.” Fallon also offered Colbert support: “Stephen is one of the sharpest, funniest hosts to ever do it. I really thought I’d ride this out with him for years to come.” Meyers added that “for as great a comedian and host he is, [Colbert] is an even better person,” and Oliver offered: “I love Stephen, I love his staff. I love that show. It’s i