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Stephen Colbert Bids Farewell as CBS Ends 33 Years of ‘The Late Show’

CBS says the move is a financial decision after the show lost money, and the 11:30 p.m. slot will go to Byron Allen's Comics Unleashed.

  • On Thursday, May 21, 2026, host Stephen Colbert concludes his 11-year run on The Late Show, appearing behind his CBS desk for the final time.
  • CBS announced the cancellation last summer, citing economic reasons, though Colbert remains the ratings leader in late-night television with a 200-person staff.
  • Sociologist Dustin Kidd argues political pressure explains the decision, noting CBS Paramount paid Trump $16 million to settle a lawsuit over a 60 Minutes interview.
  • CBS will fill The Late Show slot with Comics Unleashed, in which comedians share stories; host Byron Allen has vowed the program will avoid politics.
  • Competing late-night hosts Jimmy Kimmel and Jimmy Fallon will air reruns Thursday night in solidarity, as Skydance Media's takeover has triggered significant staff departures across CBS divisions.
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Stephen Colbert hosts 'The Late Show' one last time tonight. How it ends is still a secret.

What is planned for the finale has not been revealed but “The Late Show” has had months to prepare for the end of the network’s 33-year franchise.

·Los Angeles, United States
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morninghoney.com broke the news on Tuesday, May 19, 2026.
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