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Who Is Byron Allen? Meet the High-Powered Producer Taking Over Stephen Colbert's Time Slot

Colbert signed off with a star-studded farewell and a wormhole stunt after CBS canceled the top-rated late night show.

  • On Friday, satirist Stephen Colbert concluded his nearly 11-year run on CBS's The Late Show with a whimsical finale featuring an interdimensional wormhole that consumed the Ed Sullivan Theater.
  • CBS canceled the top-rated program last July, citing 'purely a financial decision against a challenging backdrop in late night' as parent company Paramount Global sought Federal Communications Commission approval for an $8.4 billion merger with Skydance Media.
  • During the finale, friend and mentor Jon Stewart joined Colbert to address the 'pretend wormhole,' telling him, 'You can stare it down and you can laugh.' Musical legends Paul McCartney and Elvis Costello also performed.
  • The broadcast marked the final installment of The Late Show franchise, which aired from New York's Ed Sullivan Theater for close to 33 years, ending as Colbert and McCartney switched off the theater lights.
  • Fellow hosts Jimmy Kimmel, Seth Meyers, Jimmy Fallon, and John Oliver—the 'Strike Force Five'—arrived to support Colbert, and McCartney's performance of the 1967 Beatles classic 'Hello, Goodbye' hinted Colbert may only be taking a short career break.
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Lean Left

The program ended with a satirical skit featuring a group of famous comedians, who joked about how all talk shows will eventually disappear.

·Helsinki, Finland
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Stephen Colbert made his last "Late Show". His last guest puts on a rather tired performance. But for Colbert's CBS station, which has put him in the fresh air, it gets even more frenzied.

·Frankfurt, Germany
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The A.V. Club broke the news on Friday, May 22, 2026.
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