Fox News Digital spoke with CBS insiders who question the timing of the network's shocking decision to cancel "The Late Show with Stephen Colbert" next year.

Network late-night shows have been losing viewers for years, but Colbert‘s program is primed for a ratings bump right now.

“Last Week Tonight” host John Oliver noted that the cancellation of “The Late Show with Stephen Colbert” is “very sad” while speaking with reporters Saturday night. Oliver added of his friend, “I love Stephen, I love his staff. I love that show, it’s incredibly sad.”

John Oliver has weighed in on CBS' cancellation of "The Late Show With Stephen Colbert," calling it "terrible news for the world of comedy."

After CBS said it was canceling "The Late Show," people online claimed its host announced a new show in collaboration with MSNBC host Rachel Maddow.

Stephen Colbert slammed Paramount's $16 million settlement with Donald Trump just three days before 'The Late Show' was canceled. The network attributed its decision to financial restraints, unrelated

The state of late-night TV is keeping media executives from sleeping well. 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.