Stephen Colbert announced the conclusion of The Late Show, scheduled for May 2026. The decision came shortly after Colbert criticized CBS's parent company for a $16 million legal settlement involving President Trump. Colbert's announcement provoked audible boos from the audience. CBS claimed this decision was not related to the show's content or performance but was a financial decision. Colbert labeled the settlement as a "big fat bribe" and expressed concerns about trust in the company. He confirmed the cancellation also meant the end of The Late Show franchise, stating that he would not be replaced.
Colbert stated, "Next year will be our last season... The network will be ending the show in May [2026]." This announcement was met with boos from the audience.
CBS characterized the decision to end The Late Show as "purely a financial one against a challenging backdrop in late night," emphasizing it wasn't due to the show's performance.
Colbert expressed his frustration regarding the $16 million settlement with President Trump, stating, "I am offended. And I don't know if anything will ever repair my trust in this company... $16 million would help."
He confirmed that the cancellation marked the end of The Late Show franchise, saying, "I'm not being replaced. This is all just going away."
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