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.

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."

Colbert may not be able to sit anywhere he wants when his series ends, but he’s definitely going to have a few seats to choose from.

TV hosts and celebrities are reacting to news of the cancellation of "The Late Show with Stephen Colbert" and the entire franchise.

CBS announced on Thursday that 'The Late Show With Stephen Colbert' would end in 2026, but the timing, coincidental or not, comes as Paramount tries to sell itself to Skydance.

"Next year will be our last season,” the late-night talk show host announced Thursday, July 17. "The network will be ending 'The Late Show’ next May."

Prominent political figures as well as Hollywood stars have reacted with disgust over the news that 'The Late Show With Stephen Colbert' will end its run in 2026.

Stephen Colbert's 'The Late Show' has been canceled. See how musicians like Kristin Chenoweth, Rachel Zegler and Questlove are reacting to the news.

CBS could not figure out a path to profitability in an entertainment world increasingly dominated by streaming.

In a move that has raised more than a few eyebrows, Colbert’s long-running show was pulled without warning just days after the host ripped into his network’s parent company, Paramount, for paying what he described as a “big fat bribe” to the Trump administration in a legal settlement.