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Stephen Colbert Prepares for Final Broadcast as CBS Retires ‘The Late Show’

CBS says financial pressure forced the end of Stephen Colbert’s 11-season run, and the final episode drew more than 9 million YouTube views after a canceled interview.

  • On Thursday, May 21, 2026, host Stephen Colbert will sign off from the Ed Sullivan Theater in New York City, ending The Late Show with Stephen Colbert's decade-long run on CBS.
  • CBS executives called the cancellation "purely a financial decision," though critics link it to Colbert's criticism of Paramount Global's $16 million settlement with President Donald Trump, which he called a "big fat bribe."
  • Starting Friday, Byron Allen's Comics Unleashed will occupy the 11:35 p.m. slot, with network executives projecting savings of approximately $150 million annually in production and marketing costs.
  • Former host David Letterman criticized the decision, while Colbert reflected that the cancellation may have "saved life," pivoting to co-write a Lord of the Rings film.
  • The cancellation reflects declining late-night broadcast viewership, as networks increasingly shift from political satire toward cheaper, non-partisan syndicated content in an evolving media landscape.
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Don Lichterman broke the news on Sunday, May 17, 2026.
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