CBS, Stephen Colbert and Late Show
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CBS will end "The Late Show with Stephen Colbert" and retire "The Late Show" franchise in May 2026, the company announced Thursday.
CBS said it planned to cancel Stephen Colbert's Late Show after next season, citing the weakening finances of late night
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Meanwhile, Fox News Channel's "Gutfeld!" has surged to become late-night's highest-rated program. In the second quarter of 2025, the show hosted by Fox star Greg Gutfeld notched 3 million viewers and 365,000 in the 25-54 age demographic at the 10 p.m. ET hour.
The end of the 'Late Show' franchise is a major blow for a once-beloved TV format, which has lost relevance and advertising dollars.
Paramount faces scrutiny for agreeing to pay $16 million to settle a suit brought by Trump, amid a merger attempt that requires his administration's blessing.