CBS is axing “The Late Show With Stephen Colbert” in May 2026. The announcement on live air Thursday came two days after Colbert spoke out against CBS Global settling with President Donald Trump over a “60 Minutes” story.

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 Late Show with Stephen Colbert" will officially come to an end in May 2026, according to the network, which said the decision to end the show was a financial one. "This is purely a financial decision against a challenging backdrop in late night,

"The Late Show with Stephen Colbert" will end in May 2026, Colbert and CBS announced on Thursday. The company said it will retire "The Late Show" franchise, and called it "purely a financial decision.

Newsweek has reached out to representatives for Stewart and Colbert via email. The Context. Stewart and Colbert are stalwarts of the television world. Stewart is the long-running

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.