Colbert's Late Show to End in May 2026

CBS has confirmed that 'The Late Show with Stephen Colbert' will end in May 2026, concluding both Colbert's tenure and the iconic Late Show franchise after more than 30 years. The network said the cancellation was purely a financial decision related to industry pressures, not due to ratings or content, as Colbert's show was the only late-night program to gain viewers in 2025 and earned another Emmy nomination. Stephen Colbert announced that neither he nor the show will be replaced, effectively retiring the franchise. The move has sparked public outrage and political speculation, with Senators Adam Schiff and Elizabeth Warren questioning whether Paramount's recent legal settlement with Donald Trump played a role. The show's cancellation also coincides with corporate upheaval, including Paramount's proposed merger with Skydance Media and shifting late-night viewing habits. CBS and Paramount executives praised Colbert as irreplaceable and confirmed no successor is planned.