CBS is ending 'The Late Show With Stephen Colbert' in May 2026, after over three decades on air. Colbert announced the cancellation during a new episode, eliciting booing from the audience. CBS executives attributed the decision solely to financial challenges in late night television, stating it was unrelated to the show's performance or content. 'The Late Show' has been successful in ratings, averaging 2.417 million viewers and gaining an audience in 2025. The cancellation follows a significant settlement between Paramount and Donald Trump regarding a lawsuit related to '60 Minutes.'
"Next year will be our last season. The network will be ending 'The Late Show' in May."
CBS executives stated that the cancellation was "purely a financial decision against a challenging backdrop in late night."
Ratings show that 'The Late Show' performed well in its timeslot with 2.417 million viewers across 41 new episodes, being the only late-night show to gain viewers in 2025.
The cancellation follows Paramount's $16 million settlement with President Trump over a lawsuit regarding alleged deceptive editing of an interview.
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