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

W hen CBS embarked on the project of replacing David Letterman as the host of The Late Show, in 2014, the network spared no expense. It hired Stephen Colbert, who had collected Emmys and acclaim while hosting his Comedy Central talk show,

Stephen Colbert announced at the Thursday evening taping of “The Late Show with Stephen Colbert” that his show would be canceled at the end of the season.

With the hosts Merv Griffin, Pat Sajak, David Letterman and Stephen Colbert, CBS has taken many runs at late-night TV. Some were more successful than others.

Ten years on, CBS has snatched the crown off its head. The network appears to have grown so dismayed with the state of late-night television that it has unceremoniously canceled one of the genre’s most successful stalwarts: In a statement last night,

“Given Paramount’s recent capitulation to President Trump in the CBS News lawsuit, the Writers Guild of America has significant concerns that The Late Show’s cancelation is a bribe, sacrificing free speech to curry favor with the Trump Administration as the company looks for merger approval,” it noted (see full statement below).

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.