In his monologue opening Monday’s “The Late Show With Stephen Colbert ,” Colbert spoke about Trump’s exulting over CBS ‘s sudden decision to axe the show. “I absolutely love that Colbert got fired. His talent was even less than his ratings,” the U.S. president wrote on Truth Social on Friday.

Though the cancellation comes days after Stephen Colbert criticized Paramount for settling a Trump lawsuit, the company said it was 'purely a financial decision.'

On Thursday, CBS announced that it was cancelling the long running The Late Show with Stephen Colbert. The cancellation news came just days after Stephen Colbert, a critic of Donald Trump, called out Paramount, the parent company of CBS, over its $16 million settlement with the president.