David Letterman blasts CBS as "gutless" for canceling The Late Show, but hints at a bright future for Stephen Colbert in an unexpected twist.

The late-night legend took aim at his former network home and David Ellison's media company, speculating that Colbert's show was canceled for political reasons.

David Letterman recently slammed CBS and Skydance executives, calling them “goons” following the controversial cancellation of The Late Show with Stephen Colbert. Letterman accused the network of political motivations behind the decision,