CBS will end "The Late Show with Stephen Colbert" and retire "The Late Show" franchise in May 2026, the company announced Thursday, calling it "purely a financial decision against a challenging backdrop in late night.

Colbert confirmed the cancellation during a show taping on Thursday. CBS said the move was "purely a financial decision against a challenging backdrop in late night."

In a surprise move, CBS is cancelling The Late Show with Stephen Colbert. Not just the renowned comedian’s version of The Late Show, but the over three-decade late night talk show in its entirety.