CBS said The Late Show ’s cancellation was purely based on finances, despite Stephen Colbert being considered one of the best late-night hosts on a show that was comfortably winning its timeslot in the ratings.

Since then, Colbert has been ripping into Donald Trump with renewed relish, often while also flaying CBS and its parent company, Paramount. By doubling down on attacking his most powerful enemy, at a time when network execs are facing such intense scrutiny for what many believe was a politically motivated firing,

The Late Show' host Stephen Colbert said President Donald Trump's attacks on Barack Obama were distracting from his handling of the Epstein files.

“Luminarieses,” Colbert repeated as the audience laughed. “Somebody’s ‘brain power’ is in low battery mode.” He rolled a clip of Trump complaining about the term “artificial intelligence” because “I don’t like anything that’s artificial.” Given the president’s famous love of fast food and Diet Coke, Colbert found that claim hard to swallow.

While reveling in the latest Wall Street Journal bombshell regarding the Epstein files and Trump’s knowledge of the inclusion of his name, Colbert highlighted a list of apparent nicknames for the former president that he jokingly claimed were also in the files. One in particular, however, stood out: “Micropenis DJT.”

After the Wall Street Journal's report on Trump's ties to Jeffrey Epstein, Stephen Colbert joked that Elon Musk is "always right about everything."

After the cancelation of The Late Show With Stephen Colbert sent shockwaves through TV, the Trump administration threatens another major talk series.