Stephen Colbert's Emmy-Winning Late Show Canceled Despite Top Ratings

Stephen Colbert is processing the cancellation of "The Late Show with Stephen Colbert," which CBS announced as a financial decision despite the show being the top-rated late-night program for nearly a decade. Colbert expressed surprise at the cancellation, noting it came shortly after CBS paid a $16 million settlement to President Donald Trump over a lawsuit, a move Colbert criticized as a "big fat bribe." He acknowledged the natural end of shows in the entertainment industry but emphasized that this is the first time a number one show has been canceled outright rather than the host being replaced. While he has accepted the network's decision, Colbert said he doesn't yet know how he will feel once the show ends in May 2026, as he remains focused on producing episodes until then. Reflecting on his long career, he described a sense of relief in stepping away from the relentless grind of nightly political satire but also expressed love for the work he has done. Colbert also hinted at embracing the next phase of his career with optimism, appreciating the support from CBS and his audience over the years.