The show is the most-watched late-night program on U.S. broadcast television and a frequent platform of satire aimed at Trump. Colbert told his audience on Thursday that he was informed of his show's cancellation the night before.

Stephen Colbert is reportedly set to make his way to a new, fictional late night home following CBS ’s shock decision to cancel “ The Late Show ” next year. Colbert is expected to guest star on CBS’s police procedural dramedy “ Elsbeth ,” a spinoff of “The Good Wife” and “The Good Fight,” according to Vulture.