Though the cancellation comes days after Stephen Colbert criticized Paramount for settling a Trump lawsuit, the company said it was 'purely a financial decision.'

In a statement on Thursday, the network said the late-night talk show was being canceled for financial reasons. Those reasons are associated with Paramount's proposed merger with Skydance Media, which requires Federal Communications Commission (FCC) approval under the Trump administration. Paramount is the parent company of CBS.

The anger over CBS’ decision to shutter The Late Show with Stephen Colbert continues: On Monday, protesters gathered outside the Ed Sullivan Theater in New York City to shout “Colbert Stays! Trump Must Go!”