"The Late Show with Stephen Colbert" will end in May 2026, Colbert and CBS announced on Thursday. The company said it will retire "The Late Show" franchise, and called it "purely a financial decision.

CBS is axing “The Late Show With Stephen Colbert” in May 2026. The announcement on live air Thursday came two days after Colbert spoke out against CBS Global settling with President Donald Trump over a “60 Minutes” story.

The show is the most-watched late-night program on U.S. broadcast television and a frequent platform of satire aimed at Trump. Colbert told his audience on Thursday that he was informed of his show's cancellation the night before.