Jon Stewart & Jimmy Fallon Address 'Late Show' Cancellation on Monday Night Shows | THR News Video - video Dailymotion

The Hollywood Reporter

After last week's news that 'The Late Show with Stephen Colbert' is coming to an end in May 2026... both Jon Stewart & Jimmy Fallon addressed the show's cancellation on their respective programs Monday night.

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00:00Stephen has been cancelled for purely financial reasons.

00:10After last week's news that The Late Show with Stephen Colbert is coming to an end in May 2026,

00:16both Jon Stewart and Jimmy Fallon addressed the show's cancellation Monday night on their respective programs.

00:22On Comedy Central's The Daily Show, which shares a parent company with The Late Show, Paramount Global,

00:27Stewart broke his silence about CBS abruptly announcing an end date to his friend and former colleague Colbert's top-rated show.

00:34First, he acknowledged that the show was losing money.

00:37Late night TV is a struggling financial model.

00:41We're all basically operating a blockbuster kiosk inside of a Tower Records.

00:47He went on to say,

00:48The fact that CBS didn't try to save their number-one-rated late-night franchise that's been on the air for over three decades

00:56is part of what's making everybody wonder.

00:58Was this purely financial?

01:01Or maybe the path of least resistance for your $8 billion merger?

01:07Stewart then specifically called out President Donald Trump.

01:10Was killing a show that you know rankled a fragile and vengeful president so insecure?

01:18But Stewart didn't stop there.

01:20I believe CBS lost the benefit of the doubt two weeks prior when they sold out their flagship news program

01:27to pay an extortion fee to said president.

01:30Over on NBC's The Tonight Show starring Jimmy Fallon, the host kicked off his Monday night show like this.

01:35I am your host, well, at least for tonight.

01:38I don't like it. I don't like what's going on one bit. These are crazy times.

01:45Fallon went on to directly address the cancellation of Colbert's show and say this.

01:50And many people are now threatening to boycott the network.

01:54CBS could lose millions of viewers plus tens of hundreds watching on Paramount+.

01:58He also shouted out the years of quote incredibly smart and hilarious television Colbert had made

02:04and his 10 Emmy Awards.

02:06Trump heard and was like, big deal, last week I just won a FIFA World Cup trophy, so...

02:12For more on this story, go to THR.com.

02:14This is The Hollywood Reporter News.

Jon Stewart & Jimmy Fallon Address 'Late Show' Cancellation on Monday Night Shows | THR News Video

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