There is little in Paramount Global’s recent earnings report to indicate that the finances of its television division had eroded so precipitously that jettisoning one of its trademark programs would be a necessary solution.

Colbert shared the news with his studio audience ahead of the show Thursday, telling them CBS canceled the show. Read what he said.

The Writers Guild of America wants Paramount investigated for bribery after news of “The Late Show With Stephen Colbert” being canceled. Variety reports said it has “significant concerns” that the move may have been a way to bribe president Donald Trump into sanctioning Paramount’s pending acquisition by Skydance.