- CBS and Paramount have announced that The Late Show with Stephen Colbert will conclude its run in May 2026, citing a purely financial decision.
- Stephen Colbert informed his studio audience of the show's cancellation on Thursday, expressing shared disappointment with their reaction.
- Fellow late-night host Jimmy Kimmel publicly supported Colbert, criticising CBS for the decision.
- Despite the cancellation, The Late Show is currently leading its time slot in Nielsen ratings and is the only late-night show to have gained viewers this year.
- Colbert has hosted The Late Show since 2015, taking over from David Letterman, and previously gained prominence on Jon Stewart's The Daily Show.
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