In a wholesale late-night talk show change, CBS is exiting the space with the cancellation of the Late Show With Stephen Colbert, sunsetting the franchise that launched in 1993 with David Letterman as host.

Stephen Colbert's Late Show will end in May 2026 as CBS faces financial concerns, while politicians like Bernie Sanders question if the cancellation relates to Trump criticism.

The network claimed it was “purely a financial decision.” “We consider Stephen Colbert irreplaceable and will retire ‘The Late Show’ franchise in May of 2026,” CBS executives’ statement read. “We are proud that Stephen called CBS home. He and the broadcast will be remembered in the pantheon of greats that graced late night television.”

Oliver has appeared multiple times on The Late Show with Stephen Colbert as well as the earlier iteration with David Letterman in 2015.

Comedian Stephen Colbert hosted the satirical ‘The Colbert Report’ before taking over ‘The Late Show’ in 2015. Read about his shows, wife, net worth, and more.