The CEO of SkyDance (the company merging with Paramount) met with the FCC Chairman days before Stephen Colbert's show was cancelled.

The claim consists of two main components: first, that the CEO of Skydance, David Ellison, met with the FCC Chairman days before Stephen Colbert's show was cancelled; second, that Skydance is merging with Paramount. The evidence confirms that David Ellison did meet with FCC Chairman Brendan Carr to discuss the pending merger between Skydance and Paramount.deadline.comdeadline.comSkydance’s David Ellison Meets With FCC Chairman Brendan Carr To Discuss...thewrap.comthewrap.comSkydance Boss David Ellison Met With FCC Chairman in Bid to Finalize Paramount... This meeting occurred in close temporal proximity to the cancellation of Stephen Colbert's show on CBS.axios.comaxios.comSkydance CEO met with FCC chair ahead of canceling "The Late Show"

However, while the timing aligns, there is no credible evidence or official statement linking the meeting or the merger discussions directly to the decision to cancel Colbert's show. The cancellation has been analyzed in media reports as influenced by audience shifts and political content challenges rather than corporate merger negotiations.

Therefore, the factual elements about the meeting and merger are accurate, but any implied causation between the meeting and the show's cancellation is unsubstantiated. This nuance leads to a verdict of Mostly True rather than True or False.