The network’s official statement said the move was purely financial due to the increasingly challenging nature of late-night TV.

CBS is axing “The Late Show With Stephen Colbert” in May 2026, the host told an audience at a taping Thursday.

President Donald Trump could not contain his glee over CBS’ cancellation of “The Late Show with Stephen Colbert,” — and he predicted that ABC’s Jimmy Kimmel would be next to get the ax.