In a surprising turn of events, CBS has announced that it will cancel “The Late Show with Stephen Colbert,” ending its presence in late-night television. The show, set to conclude in May 2026, is a staple on CBS, often topping the ratings in its time slot.
The network cited financial challenges as the reason behind this decision. Despite being the highest-rated in late-night, “The Late Show” has faced dwindling ad revenue, which has made it unprofitable. Recently, Paramount, CBS’s parent company, also made cuts to its workforce, laying off about 3.5% of employees just last month.
Colbert, known for being a vocal critic of Donald Trump, hinted at the uncertainty surrounding his show during a recent episode. He made light of the situation, joking that his new mustache would keep him safe from corporate pressure. However, he acknowledged the cancellation, revealing that he learned about it just the night before announcing it to his audience.
Public reactions have been intense. Fans expressed shock and sadness on social media, with many leaving poignant comments on the show’s Instagram page. One fan wrote, “this is crazy,” capturing the sentiment of many.
The timing of the cancellation raises eyebrows, especially since it came shortly after a legal settlement involving Trump and CBS News. Some believe that political motivations influenced the decision to end “The Late Show,” including voices in Congress who are calling for transparency from the network.
“The Late Show” has been part of CBS for over thirty years. Colbert took over from David Letterman in 2015 and has since made the show his own. He called his time on the show a “beautiful journey,” expressing gratitude to CBS and the audience alike.
As the late-night landscape evolves, this cancellation marks another chapter in a medium that has seen its fair share of ups and downs. It’s worth noting that CBS also ended James Corden’s “Late Late Show” in 2023 for similar reasons, highlighting the financial strains within the industry.
For more insights, you can read CBS’s official announcements here.