"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.

In a shocking move, CBS is ending “The Late Show with Stephen Colbert” next year, potentially exiting the late-night television business altogether.

The announcement came two days after Colbert spoke out against Paramount Global, parent company of his network CBS, settling with President Donald Trump over a “60 Minutes” story.