Celebrated US talkshow cancelled days after host calls payout to Trump 'a big fat bribe'

The Late Show with Stephen Colbert has been cancelled and will finish next May, with CBS announcing it will retire the US talk show entirely after a 33-year run.

- Sian Cain

The news comes just a few days after Colbert criticised the network's parent company, Paramount, for settling a lawsuit with Donald Trump for $16m (£12m) over the US president's claim CBS News deceptively edited an interview with the Democratic presidential candidate Kamala Harris.

The settlement coincided with Paramount seeking approval from the US Federal Communications Commission for an $8.4bn merger with Skydance Media. Colbert called the settlement "a big fat bribe".

Colbert, who has hosted the talk-show since 2015, announced the news during Thursday night's recording, telling the audience he had been told of the decision the previous night. As the audience booed, he said, "Yeah, I share your feelings. It's not just the end of the show, it is the end of the Late Show on CBS. I'm not being replaced, this is all just going away."