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.

Original article source: CBS cancels 'The Late Show,' Stephen Colbert to end program in May 2026 "The Late Show with Stephen Colbert" will be ending in 2026, CBS announced on Thursday. "I found out just last night, next year will be our last season," host Stephen Colbert told his studio audience. "The network will be ending the Late Show in May."

Jon Stewart lambasted CBS’ decision to cancel “The Late Show With Stephen Colbert," ripping their shared parent company for what he called a capitulation to Trump.

On a recent episode of SiriusXM’s Andy Cohen Live, the Watch What Happens Live host cast doubt on the network’s purported financial motivation in a new way. Citing Matt Belloni’s claim on Puck News that The Late Show was losing more than $40 million a year for CBS,

Stephen Colbert announced "The Late Show" was cancelled three nights after revealing his summer mustache on air. Coincidence?