Paramount Global’s stock is up 25% this year. What’s driving it is the pending merger between Paramount and Skydance Media.

As you’ve likely heard, CBS — which is owned by Paramount — has decided to cancel “The Late Show with Stephen Colbert.” Per Reuters, the program is the most-watched late-night show on U.S. broadcast television. However, it will end its 10-year run in May 2026, with the show being retired altogether.

Stephen Colbert's The Late Show on CBS is being canceled after 10 seasons, and fans have criticized the decision and labeled it 'wrong'.