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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." CBS called Colbert irreplaceable and said the show's ending was "not related in any way to the show's performance, content or other matters happening at Paramount," CBS' parent company.
"We are proud that Stephen called CBS home," the network said in a statement. "He and the broadcast will be remembered in the pantheon of greats that graced late night television."
Colbert broke the news to the audience during Thursday's taping, saying he found out last night that next year will be the show's final season.
"It's not just the end of our show, but it's the end of 'The Late Show' on CBS," he said. "I'm not being replaced. This is all just going away. And I do want to say ... that the folks at CBS have been great partners. I'm so grateful to the Tiffany Network for giving me this chair and this beautiful theater to call home. And of course I'm grateful to you, the audience, who have joined us every night."
He thanked the show's band and said he's "extraordinarily, deeply grateful to the 200 people who work here."
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