In a wholesale late-night talk show change, CBS is exiting the space with the cancellation of the Late Show With Stephen Colbert, sunsetting the franchise that launched in 1993 with David Letterman as host.

In 1993, he started working as a writer-producer on Late Night with David Letterman, which aired on NBC. Burnett ultimately made the move to CBS with Letterman when The Late Show was picked up at that network.

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

The network claimed it was “purely a financial decision.” “We consider Stephen Colbert irreplaceable and will retire ‘The Late Show’ franchise in May of 2026,” CBS executives’ statement read. “We are proud that Stephen called CBS home. He and the broadcast will be remembered in the pantheon of greats that graced late night television.”

Comedian Stephen Colbert hosted the satirical ‘The Colbert Report’ before taking over ‘The Late Show’ in 2015. Read about his shows, wife, net worth, and more.