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.

CBS is axing “The Late Show With Stephen Colbert” in May 2026, the host told an audience at a taping Thursday.

“Yeah, I share your feelings,” Colbert replied. “It’s not just the end of our show, but the end of The Late Show on CBS. I’m not being replaced. This is all just going away.”