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

Colbert’s late show on CBS has never won a TV Academy prize. The president could well now have changed that. The video plays like a cave painting from the Neolithic era or, even more distantly, from when late-night television still mattered: Stephen Colbert sits in the host chair and makes amends with Donald Trump.

CBS parent Paramount insists that this week's decision to cancel Steven Colbert's “Late Show” was strictly financial, and had nothing to do with politics.

As host of “The Late Show with Stephen Colbert,” the comedian has been successful, receiving critical praise and leading the program to regularly becoming the top-rated late-night show, outpacing his younger rivals Jimmy Fallon and Jimmy Kimmel — albeit against the backdrop of what Reuters termed “late-night TV’s fade-out.

Stephen Colbert's feud with Trump following CBS' cancellation of "The Late Show" could finally earn his show its first Emmy, a Hollywood Reporter editor suggested.

Stephen Colbert got an assist on 'The Late Show' from some of his late-night rivals following CBS's sudden decision to axe the show.

Kelly said on her show Friday that Colbert took “The Late Show” ― which was started by David Letterman ― and “completely drove it into the ground.” “He desperately wanted to be Keith Olbermann,” she said.

More than a dozen high-profile news anchors and hosts have left their roles or had their shows canceled. See who's been impacted in recent months.