Colbert announced Thursday, July 17 that the show is "going away" in May 2026. Colbert clarified that he's not just being replaced, but CBS is ending the show altogether. Paramount has said the news is "purely a financial decision." The longtime talk show host shared the news with his studio audience ahead of the show, leaving fans disappointed.

TV’s ongoing problems with late night have come for Stephen Colbert, with CBS announcing Thursday that it plans to end his “Late Show” after the next TV season, citing a “financial decision.” The maneuver — which ends years of original late-night programming at CBS that started when the network lured David Letterman from NBC in …

The announcement came days after Colbert spoke out against the $16 million settlement paid by CBS News parent Paramount to settle a lawsuit filed by Donald Trump.