The decision shocked Hollywood. Andy Cohen called it “a sad day for late night.” Lawmakers like Warren and Adam Schiff publicly questioned whether Colbert’s pointed monologues hastened his exit. For Jimmy Kimmel, the cancellation erases one of the few peers who match his mix of political satire and ratings heft.

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

Colbert broke the news to the audience during Thursday's taping. "Before we start the show, I want to let you know something I found out just last night," he said.

The segment featured Jelly Roll, Orton, Paul and Drew McIntyre to promote their upcoming SummerSlam match, which will pit Orton and Jelly Roll against Paul and McIntyre.