Trump takes victory lap over CBS axing Colbert and calls out ‘moron’ Fallon, too - CBS has claimed that the cancellation of Trump-bashing show was a ‘financial decision’ despite timing of merger

President Donald Trump is gloating over CBS’s decision to cancel The Late Show. The abrupt cancellation, which blindsided its host, Stephen Colbert, has been described as a win for Trump, who has been the most frequent subject of the show’s late-night jokes and criticism in recent years.