TV’s ongoing problems with late night have come for Stephen Colbert, with CBS announcing Thursday that it plans to end his “Late Show” after the next TV season, citing a “financial decision.” The decision — which ends years of original late-night programming at CBS that started when the network lured David Letterman from NBC in

CBS said it is canceling "The Late Show with Stephen Colbert" at the end of the upcoming television season in May, a casualty of industry changes that have dealt a crippling blow to advertising revenue.

CBS says the decision is ‘purely a financial decision’ not related to ‘content or other matters happening at Paramount.’