Rumors about the $40 million annual losses appeared to stem from reports published by a media outlet called Puck and the New York Post.

Sandra Oh criticized CBS and Paramount during her appearance on 'The Late Show with Stephen Colbert' on July 21 after its cancellation was announced. The network said it was "a financial decision," but the news came days after Colbert criticized Paramount for its $16 million settlement with President Donald Trump.

Jon Stewart lambasted CBS’ decision to cancel “The Late Show With Stephen Colbert," ripping their shared parent company for what he called a capitulation to Trump.

Kimmel, who has been engaged in a years-long feud with Trump, didn’t appear fazed by the president’s claim. “I’m hearing you're next,” he wrote on his Instagram Story. “Or maybe it’s just another wonderful secret.”

John Oliver is calling the cancellation of The Late Show With Stephen Colbert “incredibly sad.” While speaking to reporters over the weekend, Oliver was asked his thoughts about the news, which CBS revealed in a surprise announcement on Thursday. A daily brief about what matters and what's interesting in Hollywood.

On a recent episode of SiriusXM’s Andy Cohen Live, the Watch What Happens Live host cast doubt on the network’s purported financial motivation in a new way. Citing Matt Belloni’s claim on Puck News that The Late Show was losing more than $40 million a year for CBS,

Stephen Colbert spoofed that viral Coldplay concert clip with help from several fellow late-night hosts, plus Lin-Manuel Miranda and Weird Al.

The East and West Coast branches of the union conveyed concerns that the move may be “sacrificing free speech to curry favor with the Trump Administration.”