CBS has announced it’s canceling the long-running “The Late Show with Stephen Colbert.” The network called it “purely a financial decision,” despite the show being consistently the highest rated among its late-night competitors. Trump has previously called Colbert, who frequently skewers the president on air, “a complete and total loser.” The news came amid CBS parent company Paramount’s impending and controversial merger with Skydance, and just three days after Colbert called out Paramount for agreeing to pay Donald Trump $16 million to settle Trump’s lawsuit against CBS’s “60 Minutes.”

Stephen Colbert: “As someone who has long been a proud employee of this network, I am offended. And I don’t know if anything will ever repair my trust in this company. But just taking a stab at it, I’d say $16 million would help.”

CBS’s “The Late Show” has been on the air since 1993, with Colbert taking the reins in 2015.