CBS announced plans to cancel The Late Show with Stephen Colbert effective next year, a move the network said was “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” in a statement released on Thursday (July 17).
Colbert has served as the host of the Late Show since 2015, replacing the show’s original host, David Letterman, upon his retirement.
“‘THE LATE SHOW with STEPHEN COLBERT’ will end its historic run in May 2026 at the end of the broadcast season,” CBS said. “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 network added, referencing its parent company.
Colbert shared the decision with his live studio audience during the taping of Thursday night’s episode at Ed Sullivan Theater in Manhattan.
“Before we start the show, I want to let you know something I found out just last night,” he said. “Next year will be our last season. The network will be ending ‘The Late Show’ in May.”
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