Comedian Jon Stewart unleashes a fiery takedown of CBS for canceling Stephen Colbert’s “Late Show” in a possible attempt to please Donald Trump and grease the wheels for a corporate merger: “F*cking wrong.”

Most people would have backed down in fear, but Stewart is vowing to “not give in” even now…

“Watching Stephen exceed all expectations in the role and become the number one late-night show on television has been an undeniable great pleasure for me as a viewer and as his friend, and now Stephen has been canceled for purely ‘financial reasons,’” Colbert said on “The Daily Show.”

“And by the way, not just Stephen’s show. CBS has canceled the entirety of The Late Show franchise. Gone,” he added.

“Now I acknowledge, losing money. Late-night TV is a struggling financial model,” Stewart continued. “We’re all basically operating a Blockbuster kiosk inside of a Tower Records. But when your industry is faced with changes, you don’t just call it a day. My God, when CDs stopped selling, they didn’t just go, ‘Oh well, music, it’s been a good run.’”

Last Monday, Colbert attacked Paramount Global for paying Trump $16 million to settle a sham lawsuit over a “60 Minutes” interview with Kamala Harris in 2024. The suit has been widely interpreted as presidential extortion on Trump’s part, because Paramount is simultaneously trying to obtain permission from Trump’s Federal Communications Commission for a merger with Skydance Media. The merger is estimated to be worth $8 billion.

“I believe this kind of complicated financial settlement with a sitting government official has a technical name in legal circles: it’s a big, fat bribe,” said Colbert.

On Thursday, CBS announced the surprise decision to cancel Colbert’s show, calling it “purely a financial decision.” They claimed that it was “not related in any way to the show’s performance, content or other matters happening at Paramount.” Paramount Global is CBS’s parent company.

Stewart didn’t hold back—

“The fact that CBS didn’t try to save their number one rated network late-night franchise that’s been on the air for over three decades is part of what’s making everybody wonder, was this purely financial?” he said.

“Or maybe the path of least resistance for your $8 billion merger with killing a show that you know rankled a fragile and vengeful president, so insecure, suffering terribly from a case of chronic penis insufficiency,” he went on. “Truly it’s a vicious disease.”

“Look, I understand the corporate fear. I understand the fear that you and your advertisers have with $8 billion at stake,” said Stewart. “But understand this, truly: The shows that you now seek to cancel, censor, and control, a not insignificant portion of that $8 billion value came from those f*cking shows. That’s what made you that money, shows that say something, shows that take a stand, shows that are unafraid.”

“Believe me, this is not a ‘We speak truth to power.’ We don’t. We speak opinions to television cameras, but we try. We f*cking try every night,” said Stewart.

“And if you believe, as corporations or as networks, you can make yourselves so innocuous that you can serve a gruel so flavorless that you will never again be on the boy king’s radar, A) Why will anyone watch you? And you are f*cking wrong,” he continued.

Stewart slammed the “fear and precompliance that is gripping all of America’s institutions” during the Trump era. Companies are scrambling to avoid getting on the president’s bad side and the result is a chilling effect on criticisms of this historically disastrous administration.

“Institutions that have chosen not to fight the vengeful and vindictive actions of our pubic-hair-doodling commander in chief,” he said. “This is not the moment to give in. I’m not giving in. I’m not going anywhere … I think.”