Colbert’s cancellation came days after he mocked Paramount, which owns CBS, for its $16 million settlement with Trump in a lawsuit many considered meritless. That settlement comes as Paramount attempts a merger with Skydance Media, which requires FCC approval to proceed.

CBS is axing “The Late Show With Stephen Colbert” in May 2026. The announcement on live air Thursday came two days after Colbert spoke out against CBS Global settling with President Donald Trump over a “60 Minutes” story.

After more than three decades on air, CBS announced on Thursday that its famed "Late Show" franchise is coming to a close.

Newsweek has reached out to representatives for Stewart and Colbert via email. The Context. Stewart and Colbert are stalwarts of the television world. Stewart is the long-running

Stephen Colbert returned from his summer hiatus on Monday (July 14) and wasted no time calling out CBS’ parent company, Paramount, for its $16 million settlement with President Donald Trump.

After more than three decades on air, CBS announced on Thursday that its famed "Late Show" franchise is coming to a close. "The Late Show with Stephen Colbert" will officially come to an end in May 2026, according to the network, which said the decision to end the show was a financial one.

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.