The Hollywood Reporter speculated on Monday how Stephen Colberts feud with President Donald Trump after his "Late Shows" cancellation could net him his show's first Emmy.CBS announced last Thursday that it would cancel "The Late Show" next May at the end of its broadcast season. Though CBS and Paramount clarified that the choice to cancel the series was "purely a financial decision," and it's been reported that the show loses CBS $40 million a year, many liberal commentators have pointed to Paramounts recent lawsuit settlement with Trump and an upcoming merger with Skydance as the reason.For his part, Trump celebrated the decision on Truth Social shortly after the news was announced, claiming Colberts "talent was even less than his ratings."COLBERT'S MOST PARTISAN MOMENTS AS 'LATE SHOW' HOST, FROM LEADING BIDEN FUNDRAISER TO DANCING WITH SCHUMERColbert fired back against Trump on his show Monday night."How dare you, sir?" Colbert responded. "Would an untalented man be able to compose the following satirical witticism? Go f--- yourself."Hollywood Reporter editor Steven Zeitchik argued that the "Late Show" franchise ending, combined with Trumps jabs, could motivate academy members to finally award Colberts iteration of the late-night comedy show after nearly a decade."Whether the president actually had a hand in the cancellation matters less than the fact that Emmys voters see a partisan battle in the firing," Zeitchik wrote. "An Emmy wont change public policy on immigration and Medicaid. But its one of the few ways liberal Hollywood can stick it to the leader they loathe.""The Late Show" is currently nominated for best Outstanding Talk Series against "The Daily Show" with Jon Stewart, "Jimmy Kimmel Live" and "Late Night with Seth Meyers." "The Late Show" under Colbert has been nominated for an Emmy 31 times since his run as host began in 2015.Zeitchik added that Colbert winning an Emmy could give the anti-Trump comedian an even bigger platform to attack the president on a personal level.DAVID MARCUS: STEPHEN COLBERTS CHARACTER IS THE LATEST NEVER-TRUMP REPUBLICAN TO FALL"In a grand irony, if Trumps stance does give Colbert the Emmy the president will have enabled the host to win an honor that has saltily eluded him. ('The Apprentice' went 0 for 8.) And if Colbert did finally win for this show, he would gain an acceptance-speech platform of some 7 million TV viewers, and millions more online, all on and courtesy of the network that just canceled him. Thats the thing about punching someone with a TV megaphone they can punch back," Zeitchik wrote.Fox News Digital reached out to the National Academy of Television Arts and Sciences for comment.CLICK HERE TO GET THE FOX NEWS APP