Former "Full Frontal" host Samantha Bee explained how legacy late-night shows like Stephen Colbert's have been struggling financially as audiences have turned to phones and streaming.

I know so many people who work there. I love Stephen. I consider him to be a friend,” Bee said, but noted she was "not surprised" by Paramount's decision.

Colbert's former "The Daily Show" colleague tells podcaster Tom Papa she thinks canceling "The Late Show" was also about appeasing Donald Trump