CBS brass say they pulled the plug on “The Late Show with Stephen Colbert” because of its punishing losses and claim politics had nothing to do with it, The Post has learned.

John Oliver has spoken out following the surprise cancellation of The Late Show with Stephen Colbert. Calling the decision “incredibly sad” and “terrible,” he expressed deep admiration for Colbert and his team.

As per the sources, CBS executives canceled 'The Late Show with Stephen Colbert' due to steep losses of $40 million to $50 million a year