In a shocking move, CBS is ending “The Late Show with Stephen Colbert” next year, and apparently exiting the late-night television business altogether. The network, citing financial pressures,

The network has called the cancellation “a purely financial decision”—but it feels like only the beginning of the end for an entire genre.

The announcement came two days after Colbert spoke out against Paramount Global, parent company of his network CBS, settling with President Donald Trump over a “60 Minutes” story.