Stephen Colbert may not be thrilled about the impending cancelation of The Late Show, but he is truly gleeful about being able to say whatever he wants while hosting for the next 10 months. Addressing his audience on the late-night show on Monday night,

Colbert’s cancellation came days after he mocked Paramount, which owns CBS, for its $16 million settlement with Trump in a lawsuit many considered meritless. That settlement comes as Paramount attempts a merger with Skydance Media, which requires Federal Communications Commission approval to proceed.

CBS’ decision to cut ties with Stephen Colbert and its decades-old “Late Show” franchise come next May will leave a major hole in the format — but one that has been widening. TV networks have been cutting costs at their late-night mainstays for the past few years.

Stephen Colbert devoted a goodly amount of time in his Thursday night monologue to the ongoing criminal trial over the hush money Donald Trump paid to keep his sexual relationship with former porn ...