The ‘Late’ Show: End of an era as CBS cancels Trump critique’s Stephen Colbert’s popular show – here is why

CBS will discontinue ‘The Late Show with Stephen Colbert’ by May 2026, citing financial challenges despite its high ratings. This decision follows a legal settlement between Paramount and Donald Trump, fueling speculation about political motivations behind the cancellation, especially given Colbert’s criticism of Trump. Colbert acknowledged the show’s end, expressing gratitude to CBS and his audience.