Paramount announced last week that “The Late Show with Stephen Colbert” would be ending in May 2026. While the company claimed the move was a purely “financial decision,” speculation has swirled over whether Colbert’s sharp criticism of Trump had anything to do with his ouster as Paramount looked to get its merger approved.

Letterman, like other press advocates and some Democrats, did not seem satisfied with that answer.

Letterman didn’t believe the financial hardship claims were the reason for the cancellation, instead blaming the company executives who feared Paramount’s sale to Skydance wouldn’t go through.