The cancellation next year of , announced by the host on Thursday night's broadcast , is resonating as the most significant news in the television landscape in some time.

The reactions on social media range from surprise to dismay: Colbert has been in that seat for a decade and is the ratings leader among late night shows on the original three American broadcast networks, but the announcement comes three days after he called a controversial settlement between Paramount, CBS's parent company, and U.S. President Donald Trump, a "big fat bribe."

CBS executives characterized the decision as "purely a financial statement against a challenging backdrop in late night," and Colbert said he was told he wasn't being replaced by another host for the show.

There's merit to the CBS statement in a

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