Yes, CBS is canceling The Late Show franchise after more than three decades on the air. Stephen took over the show in 2015, and it was originally hosted by David Letterman. The Late Show will end in May 2026, CBS executives announced on July 17, 2025.

This story originally appeared in Los Angeles Times. CBS said it is canceling "The Late Show with Stephen Colbert" at the end of the upcoming television season in May, a casualty of industry changes that have dealt a crippling blow to advertising revenue.

The problem began at the tail end of the station's prime time programming at 9:13 p.m., but it didn't interfere with the 10 p.m. newscast because that's locally generated, Chastain said.

Colbert followed “The Daily Show” host Jon Stewart’s attack of the deal one week earlier. Stewart works for Comedy Central, also owned by Paramount, making the two comics the most visible internal critics of the $16 million settlement that was announced on July 1.

Stephen Colbert went off on his employer, Paramount, on Monday after the company decided to settle with President Trump in his lawsuit against the network.

Two Emmy categories were unexpectedly revealed early on Tuesday morning and The Traitors, Drag Race and the Late Show are nominees once again

EXCLUSIVE: Hood River Entertainment (A Day To Die) is in production on Jackrabbit, a mystery-comedy-thriller written and directed by Emmy and Peabody winner Ballard C. Boyd, a longtime producer and segment director on The Late Show with Stephen Colbert.