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.

A new report from Puck's Matt Belloni is shedding light on the finances that led to CBS' bombshell cancellation of "The Late Show with Stephen Colbert."

And it's not just him who's leaving. "This is all just going away," the comedian, 61, told his appalled audience, explaining that he's not being replaced, but the show will air its final episode in May.

Credit: The Late Show with Stephen Colbert When we started the Late Show in 1993, we had the same goals everyone doing talk shows has: make people laugh and never threaten a corporate merger. If Colbert had been #1 and nominated for an Emmy two days prior none of this would have happened.

Show' host's comments came shortly before it was announced that CBS has canceled 'The Late Show With Stephen Colbert.'

Jamie Lee Curtis Makes Cryptic Statement Following CBS 'Late Show' Cancellation originally appeared on Parade. Jamie Lee Curtis isn't holding back her feelings about the recent cancellation of The Late Show with Stephen Colbert.