Comedian Conan O'Brien lamented what he predicted to be the impending end of late-night television, but he celebrated the comics and writers who he says will find a new medium for their work.

"Yes, late-night television as we have known it since around 1950 is going to disappear, but those voices are not going anywhere," O'Brien said as he was being inducted into the 27th Television Academy Hall of Fame this week. "People like Stephen Colbert are too talented and too essential to go away. It's not going to happen."

"The Late Show," which Colbert hosted, was canceled by Paramount last month as the company moved to close a multibillion-dollar merger with fellow entertainment giant Skydance.

Colbert had criticized Paramount for a recent settlement it paid President Trump, whom he has for years mocked on his weeknight show.

Trump has celebrated the end of Colbert's show and suggested other late-night comics who have been critical of him could also soon see their shows canceled.

Paramount said the decision to cancel Colbert's CBS show was a financial one, as more consumers have turned to streaming services like Netflix, Apple and others for entertainment and comedy options.

"Streaming changes the pipeline, but the connection, the talent, the ideas that come into our homes, I think it's as potent as ever," O'Brien, a former host on NBC's "Late Night," said Sunday.