Stephen Colbert Rips Chris Wallace-Less Fox News With Off-The-Rails New Slogan

"There goes Fox News’ last shred of credibility," the "Late Show" comedian said following Wallace's exit for CNN.

“There goes Fox News’ last shred of credibility,” Stephen Colbert said Monday, citing the departure of veteran news anchor Chris Wallace for CNN.

“The Late Show” host joked about Fox News’ replacement for Wallace: its Christmas tree that was torched last week.

Colbert also came up with a damning new slogan for the Donald Trump-cheering conservative channel.

Watch Colbert’s monologue here:

And “The Late Show” cold open on the theme here:

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