CBS, Jon Stewart and Colbert
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CBS announced that the late-night show would be ending in May 2026, citing a "financial decision" amid a declining linear TV landscape.
The former "Late Show" host took on the network after it announced its plans to take his old program off the air.
Donald Trump himself celebrated Colbert being canceled on Truth Social. “I absolutely love that Colbert’ got fired,” he wrote. “His talent was even less than his ratings. I hear Jimmy Kimmel is next.
A new report from Puck's Matt Belloni is shedding light on the finances that led to CBS' bombshell cancellation of "The Late Show with Stephen Colbert."