TV hosts and celebrities are reacting to news of the cancellation of "The Late Show with Stephen Colbert" and the entire franchise.

There was truly nobody like David Letterman. The longest reigning late-night host in history, Letterman was quick-witted, irreverent, and hilarious. But it wasn't all laughs—for David Letterman, fame came at a terrible price.

When it was announced in 2014 that Stephen Colbert would succeed David Letterman as host of the CBS “Late Show,” reaction was mixed. Letterman, who retired after helming the talk show for 22 years, had a loyal audience. At that point, Colbert was best known for playing a satirical version of himself on Comedy Central’s “The Colbert Report.”

Maybe the “Late Show” decision is purely financial. But after Paramount’s cave over “60 Minutes,” it is hard to trust.

CBS also recently canceled host Taylor Tomlinson's “After Midnight,” which aired after “The Late Show.” The announcement came two days after Colbert spoke out against CBS Global settling with President Donald Trump over a “60 Minutes” story.

Even CNN’s Brian Stelter, no fan of Trump, said as much, writing: “The bottom has indeed been falling out of the late-night TV business model for several years now. Audience fragmentation and digital competition have led to a decline in ad revenue across the board. One insider described it as ‘cratering’ at CBS.”

With the hosts Merv Griffin, Pat Sajak, David Letterman and Stephen Colbert, CBS has taken many runs at late-night TV. Some were more successful than others.

Netflix announced that the talk show My Next Guest Needs No Introduction with David Letterman has been renewed for its sixth and seventh seasons. The talk show kicked off in 2018 — three years after L