Stephen Colbert’s ‘Late Show’ Wraps Up: What CBS’s Cancellation Means for Late-Night TV Fans by May 2026

CBS has announced it will cancel “The Late Show With Stephen Colbert” next May. This marks the end of a popular late-night institution that has often taken aim at former President Donald Trump.

Colbert revealed the news during a recent episode, sharing that after a decade, the show would end its run. The audience reacted with disappointment, signaling their disapproval with boos and groans. Colbert expressed his own sadness, saying he understood their feelings.

In a statement, CBS and Paramount executives called the cancellation a purely financial choice. They emphasized that it wasn’t due to the show’s performance or content. This comes amid tough times for late-night television as audiences shift their viewing habits, with many opting for online clips over live broadcasts.

The decision follows Colbert’s sharp criticism of a recent $16 million settlement between Trump and Paramount Global, CBS’s parent company. Colbert described the agreement as a “big fat bribe,” suggesting that it was made to facilitate Paramount’s sale to Skydance Media, which requires governmental approval.

Colbert’s influence on “The Late Show” has been significant. He often explores political themes and hosts a range of guests, from actors to politicians. Although recent ratings suggest Colbert still averages about 2.4 million viewers and has received multiple Emmy nominations, CBS has opted to cut the show.

Colbert has consistently targeted Trump since taking over in 2015, using humor to critique his presidency. He brought heightened political engagement to the show, contrasting with earlier late-night formats. His first episode featured guests like George Clooney and Jeb Bush.

Reactions to the cancellation have been swift. Democratic Senator Adam Schiff questioned if politics played a role in the decision, suggesting that viewers deserve transparency. Fellow late-night host Jimmy Kimmel expressed solidarity with Colbert, while Jamie Lee Curtis criticized the decision amid broader cultural shifts targeting media and public broadcasting.

Experts suggest that financial pressures in late-night TV aren’t new. Ratings have dropped, with younger audiences favoring shorter content online. Analysts note that CBS’s recent cuts hint at a significant transformation in how networks approach late-night programming.

Colbert’s unique blend of satire and political commentary drew millions of fans. However, recent strategic decisions, such as the cancellation of his show, highlight ongoing challenges in the media landscape. For now, viewers await what this shift means for late-night television’s future.

For more insights on the changing media landscape, visit Pew Research Center.

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