Megyn Kelly gloats over Stephen Colbert's cancelation and names 'failure' ex-MSNBC host star 'modeled himself on'
The ex-Fox host, 54, excitedly opened the segment of her show with a megawatt smile as she said: 'Stephan Colbert's show has been cancelled! It's great news, is it not?'
CBS announced the cancellation of The Late Show with Stephen Colbert - just days after the host blasted the network's $16 million settlement with President Donald Trump as a 'big fat bribe.'
Colbert's show, which began in 2015, will now come to an end in May 2026, executives with the network and Paramount, its new parent company, announced on Thursday.
Kelly told viewers that Colbert's downfall was due to his penchant for platforming left wing politicians.
'He wants applause for political hit pieces, which he really loves to do,' Kelly said.
'So great, why don't we just acknowledge that and stop pretending he's a comedian who is in the business of being funny? He isn't.
'He will fit in perfect at MS[NBC]. He desperately wanted to be Keith Olbermann. And guess what? Keith Olbermann is a failure. And now so are you, Stephen Colbert.'
Olbermann hosted his own show on the network from 2003 to 2011 before his $30million contract was abruptly ended after he made several contributions to Democratic campaigns.
He was was a major figure in the network's shift toward more progressive political content.
'Hardworking people, at the end of their night, do not want to be lectured by the likes of a bespectacled Stephen Colbert projecting from his diaphragm,' Daily Mail Columnist and guest Maureen Callahan told Kelly.
'They want some laughs. They want some stuff to go down easy and they want to be lulled to sleep.'
Kelly agreed and shared clips of Colbert's show on hers, saying this was the example of why 'Stephen Colbert is no more'.
They included an opening monologue where Colbert criticized Trump deploying the National Guard to Los Angeles during the anti-ICE protests.
In another clip, Colbert commented on Iran 's enriched uranium stores, which the US bombed under Trump's orders last month.
'He should take a meeting over at MSNBC and see if he can get Jen Psaki's failing slot,' Callahan said.
Kelly also criticized Colbert's booking choices, instead of spotlighting actors and entertainers, he brought on Kamala Harris and NYC Democrat mayoral nominee Zohran Mamdani.
The network explained that the decision to cancel the show is, 'purely a financial decision against a challenging backdrop in late night'.
'It is not related in any way to the show's performance, content or other matters happening at Paramount,' it added.
Colbert announced the cancellation of his program on his show.
'Next year will be our last season. The network will be ending The Late Show in May,' he told audience members, who responded to the news with emphatic 'boos'.
'It's not just the end of our show, but it's the end of the Late Show on CBS,' he continued.
'I'm not being replaced, this is all just going away,' Colbert added, telling the audience he was just grateful to be given the opportunity to host the long-running show.
Trump trolled Colbert after the announcement, saying that he 'loved' that Colbert 'got fired'.
'His talent was even less than his ratings,' he wrote on Truth Social on Friday.
'I hear Jimmy Kimmel is next,' the president continued. 'Has even less talent than Colbert!
'Greg Gutfeld is better than all of them combined, including the Moron on NBC who ruined the once great Tonight Show,' Trump added.
The 'moron' in question is Tonight Show host Jimmy Fallon.
Among the late-night shows, Colbert had the highest ratings.
He took over the franchise in 2015, which had originally been helmed by David Letterman.
Colbert was already a household name for his Comedy Central show, The Colbert Report, in which he pretended to be a conservative talking head, modeled after pundits like Bill O'Reilly from Fox News' The O'Reilly Factor.
He and The Daily Show's Jon Stewart, who was on right before Colbert's time slot, captured the attention of liberal audiences.
When Colbert took over The Late Show, he dropped his conservative caricature act, allowing his left-leaning politics to show openly.
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