In a shocking turn of events, CBS canceled The Late Show with Stephen Colbert, and the reasoning behind the decision is more confusing than ever.

CBS, in announcing the cancellation of "The Late Show with Stephen Colbert," has called the move a "purely financial decision."

CBS has announced it will end “The Late Show with Stephen Colbert” after the next TV season, calling it a “financial decision.” This marks the end of decades of original late-night programming on CBS,