Don’t Miss It! Jimmy Fallon Joins Top Comedians on ‘The Late Show’ to Stand Up for Stephen Colbert’s Cancelled Episode

Jimmy Fallon, the host of NBC’s “The Tonight Show,” is set to support his comedy colleague Stephen Colbert after shocking news about Colbert’s show cancellation. Fallon and other well-known comedians will make an appearance at the Ed Sullivan Theater in Manhattan to voice their concerns over the decision.

Though details are still unfolding, there’s speculation that Jimmy Kimmel, currently on vacation from his own show, may join the rally. Kimmel expressed his anger on Instagram, saying, “Love you, Stephen. F—k you and all your Sheldons, CBS.”

John Oliver, who hosts HBO’s “Last Week Tonight,” also shared his dismay. He fondly recalled watching David Letterman’s show as a child and stressed the importance of late-night programs. “It’s very, very, very sad news,” he said. “I look forward to seeing what [Colbert is] gonna do next because that man will not stop.” This sentiment reflects a broader appreciation for late-night TV in the comedy community.

Seth Meyers, from NBC’s “Late Night with Seth Meyers,” was equally supportive. He posted on Instagram, expressing that Colbert is not only a fantastic host but also a wonderful person. This camaraderie among comedians highlights the tight-knit nature of the late-night genre.

As for CBS, their reasoning behind the cancellation appears to be financial. Reports indicate that “The Late Show” incurred significant losses, about $40 million a year, and had a budget exceeding $100 million per season. A source remarked that the show started to decline over the past two years, hit by declining viewership and advertising revenue that has affected late-night shows overall.

Colbert’s show is expected to wrap up in May 2026, marking the end of an era for the late-night landscape. Amidst the changes, it’s clear that late-night television remains a vital platform for both comedy and social commentary, and the reactions from fellow comedians showcase the impact Colbert has had on the industry.

For anyone interested in the financial aspects behind such decisions, studies have shown that the late-night TV market has become increasingly competitive. According to a recent survey, audiences are leaning more towards streaming options, putting pressure on traditional formats like late-night shows. This shift reflects broader trends in media consumption and the evolving landscape of television.

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