Paul Morigi/Getty; Bruce Glikas/Getty Jon Stewartis firing back at Paramount over its decision tocancelThe Late Show with Stephen Colbert. In the Monday,July 21 ,episode ofThe Daily Show, Stewart, 62, spoke on the recent announcement thatThe Late Showwill be ending in May 2026. "I understand the corporate fear," Stewart said. "I understand the fear that you and your advertisers have with $8 billion at stake, 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------ shows. That's what made you that money." The Daily Showhost continued to speak on the role politics plays in late night television, adding, "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------ try every night. 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, [firstly] why will anyone watch you and you are f------ wrong." On July 17, parent company CBS told PEOPLE in a statement that they canceledThe Late Showafter 10 seasons in "a financial decision." The cancellation came three days after Colbert, 61, slammed Paramountover its $16 million settlement with President Donald Trump, who alleged that CBS News'60 Minutesdeceptively edited an interview with former Vice President Kamala Harris. Comedy Central "I believe this kind of complicated financial settlement with a sitting government official has a technical name in legal circles: it's 'big, fat bribe,' " Colbert said onThe Late Showon July 14. "You want to know how impossible it is to stay on Lord Farquaad's good side? Donald Trump is suing Rupert Murdoch, the owner of Fox News, the man other than Biden, maybe most responsible for getting Trump elected. Fox spends 24 hours a day blowing Trump, and it's not enough. Imagine suing someone mid-blow," Stewart added, referencingTrump's lawsuit regarding a piece inThe Wall Street Journalthat reported on his ties to Jeffrey Epstein. Never miss a story — sign up forPEOPLE's free daily newsletterto stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. Stewart then addressed the public speculation surrounding the reason forColbert's cancellation. "If you're trying to figure out why Stephen's show is ending, I don't think the answer can be found in some smoking gun email or phone call from Trump to CBS executives or in CBS' QuickBooks spreadsheets on the financial health of late night." He continued, "I think the answer is in the fear and pre-compliance that is gripping all of America's institutions at this very moment, institutions that have chosen not to fight the vengeful and vindictive actions of our pubic hair doodling Commander in Chief. This is not the moment to give in." "I'm not giving in, I'm not going anywhere, I think," he said, referencing the possibility thatThe Daily Showcould be on the chopping block too. He ended the segment by referencing a line that Colbert used in hisown monologue Monday night. "If you're afraid and you protect your bottom line, I've got but one thing to say: 'Go f--- yourself,'" he concluded. The Daily Showairs daily on Comedy Central at 11 p.m. local time. Read the original article onPeople