CBS to Cancel 'The Late Show' in 2026

CBS has announced it will cancel The Late Show with Stephen Colbert in May 2026, ending the franchise's more than 30-year run. The network attributed the decision to financial pressures, denying any connection to the show's strong ratings or recent controversies. The Writers Guild of America has urged New York Attorney General Letitia James to investigate potential political pressure or bribery, citing the show's cancellation soon after Paramount's $16 million legal settlement with Donald Trump and during its pending $8.4 billion merger with Skydance Media. Colbert had publicly criticized the settlement, intensifying speculation about external influences. The move has drawn backlash from fans, peers such as Jimmy Kimmel, and local businesses concerned about the show's cultural and economic impact. Colbert has thanked his team and pledged to continue working with them until the series concludes.