Paramount and Skydance announced Friday that, with the Trump administration’s approval, the highly anticipated merger between the entertainment giants is expected to take place next month. The Aug. 7 date,

Kicking off Monday’s show with a joke about Trump wanting to change the name of the Washington Commanders NFL team (the “Washington Epsteins,” Colbert suggested), he walked into the Ed Sullivan Theater to loud cheers and said “This is going to be fun.” It certainly was.

With this week’s FCC approval, the merger between Paramount Global and Skydance Media is expected to be completed in the coming weeks at a value of $8 billion. The question for the new company is whether the psychic cost is much higher.

Supporters of Stephen Colbert took to the streets of New York City following the cancellation of The Late Show. The demonstrators gathered outside the Ed Sullivan Theater and marched to Paramount’s Times Square headquarters.

Federal regulators on Thursday approved Paramount's $8 billion merger with Skydance, clearing the way to close the deal.

South Park poked fun at President Donald Trump and his recent deal with Paramount Global during its season 27 premiere, jokingly asking the show’s characters if they “want to end up like Colbert.” The show’s co-creators,

Show' host's comments came shortly before it was announced that CBS has canceled 'The Late Show With Stephen Colbert.'