Colbert confirmed the cancellation during a show taping on Thursday. CBS said the move was "purely a financial decision against a challenging backdrop in late night."

NEW YORK (AP) — CBS is axing “The Late Show With Stephen Colbert” in May 2026, the host told an audience at a taping Thursday. The announcement came two days after Colbert spoke out against CBS Global settling with President Donald Trump over a “60 Minutes” story.

The problem began at the tail end of the station's prime time programming at 9:13 p.m., but it didn't interfere with the 10 p.m. newscast because that's locally generated, Chastain said.

Stephen Colbert went off on his employer, Paramount, on Monday after the company decided to settle with President Trump in his lawsuit against the network.

Colbert followed “The Daily Show” host Jon Stewart’s attack of the deal one week earlier. Stewart works for Comedy Central, also owned by Paramount, making the two comics the most visible internal critics of the $16 million settlement that was announced on July 1.

Two Emmy categories were unexpectedly revealed early on Tuesday morning and The Traitors, Drag Race and the Late Show are nominees once again

EXCLUSIVE: Hood River Entertainment (A Day To Die) is in production on Jackrabbit, a mystery-comedy-thriller written and directed by Emmy and Peabody winner Ballard C. Boyd, a longtime producer and segment director on The Late Show with Stephen Colbert.