Trump's FCC Colbert's Leaving, So ... Paramount and Skydance Can Merge

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President Trump's FCC finally gave the green light for a merger between Skydance Media and Paramount Global ... and the timing is interesting.

FCC chair Brendan Carr announced the merger Thursday in a statement that also referenced DEI.

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BIG LOSS FOR LATE NIGHT

Paramount and Skydance, a Hollywood studio, have been trying to merge under one umbrella for a while now ... and there was a bunch of politics involved, including a narrative that Trump used his power to get CBS to cancel Stephen Colbert's late-night TV show.

david letterman Shots Fired!!! 'You Can’t Spell CBS Without BS'

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David Letterman isn't staying quiet following the news "The Late Show with Stephen Colbert" is coming to an end -- but instead of issuing a statement, he's letting his old jokes do the talking.

The show's former host posted a video montage to YouTube on Monday, featuring clips of him roasting CBS throughout his two-decade run on the late-night show from 1993 to 2015. The compilation includes moments from episodes aired between 1994 and 2013, showcasing his long history of poking fun at the Tiffany network.

The particularly telling detail is Letterman's caption on the YouTube video, which reads, "You can't spell CBS without BS." Many online quickly took notice -- interpreting the caption as a not-so-subtle dig at CBS and a show of support for Colbert.

DONALD TRUMP KIMMEL, FALLON WILL BE AXED AFTER COLBERT

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10:48 AM PT -- Jimmy Kimmel has hit back at President Trump by saying he's next ... unclear what that means.

Donald Trump says no late-night comedians are safe ... taking aim at Jimmy Kimmel and Jimmy Fallon, on the heels of Stephen Colbert telling the prez to "Go f*** yourself."

DT just unleashed on the hosts in a new Truth Social post ... saying, "The word is, and it’s a strong word at that, Jimmy Kimmel is NEXT to go in the untalented Late Night Sweepstakes and, shortly thereafter, Fallon will be gone."

Trump says Kimmel and Fallon have "no talent," and despite being paid millions, are "destroying what used to be GREAT Television."

Stephen Colbert 'F*** You, Donald Trump!' Blasts Prez After 'Late Show' Cancellation

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Stephen Colbert wildly cursed President Donald Trump out Monday night after he celebrated the cancellation of 'The Late Show' last week in a succinct yet powerful message.

Catch the clip -- the longtime late-night show host held nothing back as he blasted Trump, slamming him by saying, "How dare you, sir? ... Go f*** yourself."

He later confirmed he's gonna be fearless and frank going forward ... noting his "gloves are off." He added ... "I can finally speak unvarnished truth to power and say what I really think about Donald Trump, starting right now: I don’t care for him."

Dave Portnoy 'Arrogant' Stephen Colbert's Show Was Losing Millions ... Of Course CBS Canceled It!!!

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IT'S NOT POLITICS ... IT'S BUSINESS

Dave Portnoy's not sorry to see Stephen Colbert's show ending ... pointing out this is just capitalism at work -- lose millions, find a new job!

The Barstool Sports founder took to X Saturday to fire off about CBS' cancellation of "The Late Show with Stephen Colbert" ... calling out Senators Elizabeth Warren and Bernie Sanders -- among others -- for claiming Paramount was politically motivated to give him the axe.

ICYMI ... Colbert went after his own network in his monologue early this week -- likening a $16 million lawsuit settlement over a "60 Minutes" interview President Donald Trump claimed was deceptively edited to a "big, fat bribe." A move Dave says is just pure "arrogance."

Stephen Colbert Rachel Zegler, Ben Stiller, More React to Late-Night Exit ... Even Trump!!! 👀

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Stephen Colbert’s dropping the mic on late-night TV next year, and looks like the talk-show king is seriously beloved ... 'cause the celebs are freaking out over the news.

Ben Stiller, Rachel Zegler, "Severance" star Adam Scott and others flooded social media with their heartbreak over the announced ending of 'The Late Show' -- their reaction coming after Stephen dropped the bombshell on Thursday night’s episode, admitting he was just as shocked at the news.

Diego Luna Immigrants Make America Great, Not Donald Trump!!!

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Diego Luna is onboard with making America great again, but not the way President Trump wants to do it -- while guest hosting "Jimmy Kimmel Live!" he said it's immigrants, not Trump, who'll get the job done.

Check out the clip ... the "Andor" star questions how someone like POTUS could come into a place of so much power while spewing so much hate -- in a country that's been so welcoming to generations of immigrants.

During his monologue, Diego pointed to the country's track record as evidence, noting ... "The multiple times that this country has had to rebuild itself, immigrants were always there to pick up the slack."

Shakira Two Decades Later ... My Hips Still Ain't Lying💃🔥

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It’s been 20 years and Shakira’s hips still don’t lie -- and she just reminded everyone with a performance that slapped, shook, and served.

Shakira hit the stage looking like she hadn’t aged a day in 2 decades -- diving into the sand in a fiery red dress, showing off her signature moves before bringing out her collab king, Wyclef Jean, on "The Tonight Show Starring Jimmy Fallon."

The Colombian queen went all out for the anniversary special -- pure nostalgia, hips in full swing, and a crowd-pleasing jam backed by live musicians.

Blake Lively Highest Highs, Lowest Lows This Year ... I'm Fighting for All Women & Girls!!!

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LOWEST OF LOWS

Blake Lively opened up about her difficult year on "Late Night with Seth Meyers" ... admitting this year's been very difficult for her, but she's doing what she can to make the world safer for women and girls.

The actress sat down with the 'SNL' alum Thursday night ... and, Seth brought up her legal drama with Justin Baldoni -- acknowledging that she probably can't say much while the legal battle drags on in court.

BL agrees with Seth before adding that the year has been "full of the highest highs and the lowest lows" of her life.

Jenna Ortega Chic Dress Is a Pain in the Ass ... Gown Glass Poking My Butt!!!

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PAIN IN THE GLASS

Jenna Ortega's promotion for her new flick's a real pain in the behind ... literally, in fact, because a dress she wore for an interview included glass poking her booty!

The actress stopped by "The Late Show With Stephen Colbert" Tuesday night to discuss her new movie "Death of a Unicorn," as well as Season 2 of the hit show "Wednesday" ... and, she showed up in a fiery red gown covered in shiny material.

Turns out red glass gave the dress its shine ... which ain't the most comfortable material to turn into haute couture.

Jake Paul Floyd's A 'Bum' ... I'll Knock You Out!!!

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Floyd Mayweather went on national television and dogged Jake Paul ... but El Gallo wasn't about to take it sitting down -- going to social media to fire back at T.B.E. and claiming he'd whoop the 50-0 boxer's ass in the ring.

Floyd weighed in on Paul's 2024 fight with Mike Tyson on the "Tonight Show with Jimmy Fallon" on Wednesday ... scoffing at the fact it was available at no additional charge to Netflix subscribers.

"When you're watching Floyd Mayweather, you have to pay," Money said on the show. "I get Pay-Per-View numbers. Check the record."

Saquon Barkley, Eagles Linemen Shotgun Beers W/ Jimmy Fallon ... Jalen Hurts Sits Out

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Saquon Barkley and his Eagles linemen's Super Bowl bender is alive and well -- the jocks teamed up with Jimmy Fallon to shotgun some beers on Tuesday ... while the MVP, Jalen Hurts, elected to spray his booze instead of swallow it.

Barkley and Hurts appeared on "The Tonight Show" after beating the back-to-back defending champion Kansas City Chiefs in Super Bowl LIX on Sunday.

During the show, Fallon mentioned a clip of Barkley deleting a beer in the locker room after the win ... saying he's never seen anyone do it that fast.

Katy Perry Baby, You're A Firework ... Don't Really Light Yourself Ablaze!!!

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Katy Perry could really hear her fans 'Roar' last night ... probably screaming out in horrible pain -- 'cause one of them touched a transformer and ended up on fire, and nearly disfigured the pop star's face with sparks.

The singer-songwriter was signing autographs outside "Jimmy Kimmel Live!" Wednesday night ... and while making her way down the fence to interact with her fans, sparks exploded in her direction just a couple feet away, causing Katy to duck.

It turns out one of Perry's fans accidentally touched a transformer -- causing a surge of electricity and sparks to spew out ... setting the KP fan's coat on fire.

Jimmy Fallon Hey Melania, I Look Better As The Hamburglar Than You!!!

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Jimmy Fallon tackled one of the most talked about topics at Donald Trump's inauguration Monday — Melania's hat!

The 'Tonight Show' host stepped out onstage for his opening monologue last evening sporting a wide-brim black hat with a white stripe around it.

Funny thing was it mirrored the hat Melania was wearing at DT's swearing-in ceremony as the 47th president, which looked similar to the one donned by the McDonald's Hamburglar character.

Bill Burr Rips Critics of L.A. Wildfires Response

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SLAMMIN' THE INTERNET

Bill Burr is ripping folks who think Los Angeles botched the wildfire situation ... he says critics have no clue what they're talking about.

The comedian took a bunch of shots at the online commentary surrounding L.A.'s response to the devastating infernos during an appearance on "Jimmy Kimmel Live" Tuesday night ... characterizing the criticism as folks sitting around in their underwear posting nonsense.

Bill pours water on a couple popular talking points among critics on social media ... bashing the idea that illegal immigrants and homeless people are the scapegoats here. He says people living on the streets light fires every day to survive and doesn't buy the theory they somehow sparked the blazes in Altadena and the Pacific Palisades.

Jay Leno on LAFD They're the 'Best in the World' ... It's 'Hell' Out There!!!

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PLEASURE TO SERVE

Jay Leno is determined to do what he can to help the Los Angeles firefighters combatting the ongoing wildfires in the region ... comparing their efforts to a "military operation."

The celebrated comedian joined us on "TMZ Live" Tuesday, where he revealed his mission to help feed the dedicated first responders who are putting their lives on the line to tackle the stubborn infernos plaguing the City of Angels.

While Jay joked these firefighters can really eat, he made it clear he was happy to be of service ... especially after witnessing the conditions they are facing.