In the wake of the cancellation of Stephen Colbert's "The Late Show", Donald Trump has taken to social media to express his joy at the decision.

Colbert’s cancellation came days after he mocked Paramount, which owns CBS, for its $16 million settlement with Trump in a lawsuit many considered meritless. That settlement comes as Paramount attempts a merger with Skydance Media, which requires Federal Communications Commission approval to proceed.

CBS’ decision to cut ties with Stephen Colbert and its decades-old “Late Show” franchise come next May will leave a major hole in the format — but one that has been widening. TV networks have been cutting costs at their late-night mainstays for the past few years.

Late-night television had been fighting for its survival even before “The Late Show with Stephen Colbert” was canceled this week.