John Oliver has spoken out following the surprise cancellation of The Late Show with Stephen Colbert. Calling the decision “incredibly sad” and “terrible,” he expressed deep admiration for Colbert and his team.

Speaking to journalists in Erie, Pennsylvania on Saturday, the host of "Last Week Tonight with John Oliver" said he had grown up watching U.S. late night television, adding that the cancellation was "terrible news for the world of comedy".

Stephen Colbert and Jon Stewart slammed Paramount for making a deal with Trump, serving notice they won't be silenced by their parent company.

It's difficult not to see how an ownership change impacted 'The Late Show' franchise, but the move also reveals stubborn truths about the cost of the programming vs. cheaper and infinite YouTube rivals.