In a shocking move, CBS is ending “The Late Show with Stephen Colbert” next year, potentially exiting the late-night television business altogether. The cancellation will take effect in May 2026,

"The Late Show" franchise will "end its historic run in May 2026 at the end of the broadcast season," CBS said.

"We consider Stephen Colbert irreplaceable and will retire ‘THE LATE SHOW’ franchise at that time," CBS executives said in a joint statement. "We are proud that Stephen called CBS home. He and the broadcast will be remembered in the pantheon of greats that graced late night television.