In a shocking move, CBS is ending “The Late Show with Stephen Colbert” next year, and apparently exiting the late-night television business altogether. The network, citing financial pressures,

CBS is axing “The Late Show With Stephen Colbert” in May 2026. The announcement on live air Thursday came two days after Colbert spoke out against CBS Global settling with President Donald Trump over a “60 Minutes” story.

Colbert confirmed the cancellation during a show taping on Thursday. CBS said the move was "purely a financial decision against a challenging backdrop in late night."

In a move commenters described as having "Craig Ferguson vibes," Stephen Colbert and Joaquin Phoenix spent the last moments of their Late Show interview in awkward silence.

Stephen Colbert and Jon Stewart slammed Paramount for making a deal with Trump, serving notice they won't be silenced by their parent company.