CBS will end "The Late Show with Stephen Colbert" and retire "The Late Show" franchise in May 2026, the company announced Thursday, calling it "purely a financial decision against a challenging backdrop in late night.

Colbert shared the news with his studio audience ahead of the show Thursday, telling them CBS canceled the show. Read what he said.

President Donald Trump attacked Stephen Colbert on Truth Social Friday morning after CBS and Paramount announced the cancellation of the late-night host’s longstanding show, a move the networks say was a financial decision but that Democrats have blasted as political.