The Late Show with Stephen Colbert cancelled after financial concerns

CBS has cancelled The Late Show with Stephen Colbert, but it won’t be an immediate axe. The long-running late-night talk show will end in May 2026. The network says the decision isn’t a reflection on Colbert’s performance, but is purely a financial one. There are also no plans to replace Colbert, as CBS says it will retire the franchise upon the final show.

“The Late Show With Stephen Colbert will end its historic run in May 2026 at the end of the broadcast season,” said George Cheeks, Amy Reisenbach, and David Stapf in a joint statement. “We consider Stephen Colbert irreplaceable and will retire ‘The Late Show’ franchise at that time. We are proud that Stephen called CBS home. He and the broadcast will be remembered in the pantheon of greats that graced late night television. This is purely a financial decision against a challenging backdrop in late night.  It is not related in any way to the show’s performance, content or other matters happening at Paramount.“

The statement continued, “Our admiration, affection, and respect for the talents of Stephen Colbert and his incredible team made this agonizing decision even more difficult.  Stephen has taken CBS late night by storm with cutting-edge comedy, a must-watch monologue and interviews with leaders in entertainment, politics, news and newsmakers across all areas. The show has been #1 in late night for nine straight seasons; Stephen’s comedy resonates daily across digital and social media; and the broadcast is a staple of the nation’s zeitgeist. The accomplishments of ‘The Late Show With Stephen Colbert’ are memorable and significant in performance, quality and stature. With much gratitude, we look forward to honoring Stephen and celebrating the show over the next 10 months alongside its millions of fans and viewers.“

More to come…

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