CBS parent Paramount insists that this week's decision to cancel Steven Colbert's “Late Show” was strictly financial, and had nothing to do with politics.

The Late Show with Stephen Colbert” was reportedly losing money, though a pending merger for CBS’ parent company may have also factored into the network’s decision to cancel the TV program.

Show" host unleashed a scathing critique of the network's decision, alleging corporate cowardice and taking "the path of least resistance."