David Letterman unloaded on CBS and Skydance on Friday for cancelling “The Late Show,” which he launched 32 years ago, saying the network had mistreated his successor, Stephen Colbert. In an interview posted to his YouTube channel, Letterman said he does not buy the official explanation that the show was cancelled for financial reasons.

"The people at CBS who have manipulated and handled this are going to be embarrassed,” the former 'Late Show' host says. “This is gutless”