Since Stephen Colbert announced that the "Late Show" was canceled, viewers and industry insiders alike have been quick to offer dueling explanations.

A new report revealed Stephen Colbert's manager knew about "The Late Show" cancellation weeks before the host, with sources claiming the decision was financially motivated.

The president’s post comes after CBS unexpectedly canceled Stephen Colbert’s “The Late Show” last week. In response to the cancellation, Trump initially wrote, “I absolutely love that Colbert got fired. His talent was even less than his ratings. I hear Jimmy Kimmel is next. Has even less talent than Colbert!”

The announcement came days after Colbert spoke out against the $16 million settlement paid by CBS News parent Paramount to settle a lawsuit filed by Donald Trump.

Late-night host Stephen Colbert had a vulgar retort to President Donald Trump taunting him over his cancellation, saying "go f--- yourself" to audience cheers.

Donald Trump and Jimmy Kimmel are beefing after CBS canceled Stephen Colbert's show. Trump said Kimmel would be next to go.