In a surprise move, The Late Show with Stephen Colbert is ending in May 2026. Colbert took over The Late Show in 2015 after David Letterman, who launched the show in 1993. Before that, Colbert hosted

President Trump cheered the cancellation of "The Late Show with Stephen Colbert," saying he "absolutely loves" that Colbert "got fired."

CBS could not figure out a path to profitability in an entertainment world increasingly dominated by streaming.

The state of late-night TV is keeping media executives from sleeping well. CBS’ decision to cut ties with Stephen Colbert and its decades-old “Late Show” franchise come next May will leave a major hole in the format — but one that has been widening.

President Donald Trump was gleeful over Stephen Colbert's cancellation, saying his "talent was even less than his ratings" on Truth Social.

Colbert’s cancellation came days after he mocked Paramount, which owns CBS, for its $16 million settlement with Trump in a lawsuit many considered meritless. That settlement comes as Paramount attempts a merger with Skydance Media, which requires FCC approval to proceed.