What’s happening now is not only wrong, it goes against what we must stand for as a nation," said Robert Suttmann, president of Local 802 American Federation of Musicians.

In a statement on Thursday, the network said the late-night talk show was being canceled for financial reasons. Those reasons are associated with Paramount's proposed merger with Skydance Media, which requires Federal Communications Commission (FCC) approval under the Trump administration. Paramount is the parent company of CBS.