Stephen Colbert shocked his audience and late night fans, announcing CBS had decided to cancel his long-running show. “The Late Show” is the most-watched late night talk show on television, but it is expensive to produce and has faced declining ratings.

In 1993, he started working as a writer-producer on Late Night with David Letterman, which aired on NBC. Burnett ultimately made the move to CBS with Letterman when The Late Show was picked up at that network.

"The Late Show with Stephen Colbert," a staple of late-night US television, will end in 2026, the CBS network said, days after the comedian blasted parent company Paramount's $16 million settlement with President Donald Trump as "a big fat bribe.

Jimmy Kimmel gave a salute to “The Late Show With Stephen Colbert” — and blasted rival network CBS — on Thursday evening, hours after CBS announced that it is canceling Colbert’s series in May 2026 and retiring the “Late Show” brand. “Love you Stephen,” Kimmel wrote on his Instagram story, captioning a clip of Colbert’s …

Great ratings and brand recognition weren’t enough to save the long-running franchise.

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

A new report from Puck's Matt Belloni is shedding light on the finances that led to CBS' bombshell cancellation of "The Late Show with Stephen Colbert."

Prominent political figures as well as Hollywood stars have reacted with disgust over the news that 'The Late Show With Stephen Colbert' will end its run in 2026.