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[Satire] ‘We Were Lucky’: Stephen Colbert’s ‘Late Show’ Bids Farewell in Final Broadcast on CBS

CBS says the cancellation is a financial decision as Colbert’s 11-year run ends and Comics Unleashed takes over the time slot.

  • On Thursday, May 21, host Stephen Colbert airs the final episode of 'The Late Show' on CBS, concluding his 11-year tenure and ending the 33-year-old late-night franchise.
  • CBS announced the cancellation last July, citing a 'purely a financial decision against a challenging backdrop in late night,' though critics linked it to Colbert's vocal criticism of Paramount Global's settlement with President Donald Trump.
  • Colbert's final week featured high-profile guests including Bruce Springsteen, David Byrne, and former host David Letterman. The network teased the finale as 'extended,' with reports indicating it will run 17 minutes longer than usual.
  • Beginning Friday, May 22, Byron Allen's talk show 'Comics Unleashed' will take over the time slot. The transition leaves approximately 200 crew members facing job losses, which Colbert noted with 'barely concealed disgust' on his podcast.
  • Industry observers view the cancellation as facilitating Paramount's pending merger with Trump-favoring Skydance Media. The franchise's end marks a significant shift in late-night television after over three decades.
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The curtain fell for good last night on 'The Late Show' with Stephen Colbert. What that very last broadcast would look like remained a well-kept secret until the very end. A papal visit—about which there was much whispering—did not happen, but otherwise it was a warm show full of familiar faces that effortlessly filled the void. Although Colbert couldn't resist taking one last jab at CBS.

·Antwerp, Belgium
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Stephen Colbert offered on Thursday an emotional and existential final episode of "The Late Show", thanking his team, the audience present in the studio and the viewers for eleven years of laughter.

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De Morgen broke the news in Antwerp, Belgium on Thursday, May 21, 2026.
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