CBS has officially canceled The Late Show with Stephen Colbert, slated to end in May 2026, just days after Colbert criticized the network's parent company, Paramount, over a controversial $16 million settlement with Donald Trump. CBS claims the decision stemmed from financial challenges in the late-night landscape, despite Colbert's show being a ratings leader for nine consecutive seasons. Critics, including senators, have raised concerns about whether the cancellation was influenced by political pressures following Colbert's remarks. CBS executives expressed admiration for Colbert's comedic influence but maintained the cancellation was purely financial.

Why was The Late Show with Stephen Colbert canceled?

The Late Show with Stephen Colbert was canceled primarily due to financial decisions in the late-night sector, although there are concerns that political reasons may have influenced the timing of the cancellation, following Colbert's criticism of CBS's parent company over a settlement with Trump.

The Late Show with Stephen Colbert first premiered in September 2015, replacing The Late Show with David Letterman. Colbert quickly established himself as a relevant voice in late-night television, known for his sharp political commentary and humorous interviews. His show has become a cultural touchstone, merging entertainment with current events, highlighting its significant impact on the late-night television landscape.