CBS to cancel "The Late Show with Stephen Colbert" after next season

CBS is canceling "The Late Show With Stephen Colbert" after the next season, the network announced Thursday.The big picture: The iconic late-night show that comedian Stephen Colbert has hosted for a decade and that has been around for 32 years will end in May 2026 in what was "purely a financial decision," the network said.CBS said in a statement the decision came "against a challenging backdrop in late night" and it's "not related in any way to the show's performance, content or other matters happening at Paramount."What he's saying: Colbert said at the show's taping Thursday that he found out about the program's cancellation a day earlier.In response to the studio audience booing at his announcement, Colbert said, "Yeah, I share your feelings."Zoom in: The network expressed its admiration and respect for Colbert and his team, saying that it made the "agonizing decision even more difficult."The show has been No. 1 in the late-night slot for nine straight seasons, CBS said, adding that "the broadcast is a staple of the nation's zeitgeist."Go deeper: Why late-night TV is rapidly decliningEditor's note: This article has been updated with new details throughout.

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Stephen Colbert’s ‘Late Show’ cancelled by CBS, ends May 2026

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