CBS announced that 'The Late Show' had been canceled for financial reasons, which has prompted a reaction from host and comedian Stephen Colbert

CBS dropped a massive bombshell by announcing the end of The Late Show With Stephen Colbert, with the final episode scheduled to air in May 2026. This jaw-dropping development represents a significant upheaval in network television and signals CBS’s complete withdrawal from the traditional late-night talk show format.

"Late Show" host Stephen Colbert was critical of a $16 million settlement Paramount reached with the president in a Texas court.