Colbert’s cancellation came days after he mocked Paramount, which owns CBS, for its $16 million settlement with Trump in a lawsuit many considered meritless. That settlement comes as Paramount attempts a merger with Skydance Media, which requires FCC approval to proceed.

Stephen Colbert's "The Late Show", long a staple of late-night television, will come to an end in 2026, the comedian and network CBS said on Thursday."The network will be ending the show in May (2026).

CBS said it planned to cancel Stephen Colbert's Late Show after next season, citing the weakening finances of 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."

CBS is axing “The Late Show With Stephen Colbert” in May 2026. The announcement on live air Thursday came two days after Colbert spoke out against CBS Global settling with President Donald Trump over a “60 Minutes” story.

Related: "Evidence Of Trump’s Stupidity": Trump Was Ruthlessly Mocked After Suffering A Brain Fart While Trying To Insult Biden “None of that is true either,” Colbert said. Kaczynski went to Harvard, not MIT.

"They have to have what it takes to succeed independently, but not if it relies on old structures," one expert told Newsweek.

Stephen Colbert returned from vacation loaded for bear. The CBS late-night comic referred to the settlement between his parent company, Paramount Global, and President Donald Trump over a “60 Minutes” interview as a “big,