The late-night legend took aim at his former network home and David Ellison's media company, speculating that Colbert's show was canceled for political reasons.

David Letterman took aim at his former employer, CBS, over the cancellation of 'The Late Show With Stephen Colbert.

Using words like “gutless” and “sad,” David Letterman is skewering CBS for its settling a lawsuit with President Trump and for blaming its decision to end Steven Colbert’s show on financial considerations.

The Federal Communications Commission has approved the $8 billion merger of Paramount Global and Skydance Media, claiming “significant changes,” are coming to the CBS owner.

“The FCC’s approval of the Paramount-Skydance merger reeks of the worst form of corruption,” Sens. Ed Markey (D-Mass.) and Ben Ray Luján (D-N.M.) said in a joint statement. “The stench of this transaction will linger over the Commission for years.”