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Late night television is going through major changes in 2025. CBS confirmed that The Late Show with Stephen Colbert will end next year, just weeks after Stephen Colbert picked up another Emmy for Outstanding Variety Talk Series.
As viewers come to terms with Colbert’s looming exit and Kimmel’s show being pulled from the schedule, questions are swirling about the future of late night and what might come next.
Below, Hollywood Life has a breakdown of why The Late Show with Stephen Colbert is ending.
Was The Late Show With Stephen Colbert Canceled?
Yes, CBS is canceling The Late Show franchise after more than three decades on the air.
When Is The Late Show With Stephen Colbert Ending?
The Late Show will end in May 2026, CBS executives announced on July 17, 2025.
Why Is The Late Show With Stephen Colbert Ending?
CBS decided to gut The Late Show with Stephen Colbert due to financial reasons.
“We consider Stephen Colbert irreplaceable and will retire The Late Show franchise in May of 2026.
The executives added, “This is purely a financial decision against a challenging backdrop in late night.
The merger between Paramount Global — the parent company of CBS — and Skydance Media is expected to close this year.
Paramount has doubled down on its claim that canceling Stephen’s show was financial.
“The challenge in late night is that the advertising marketplace is in significant secular decline,” George said in an August2025 press conference.
Is Stephen Colbert Leaving The Late Show?
Stephen did not leave voluntarily.
What Is Stephen Colbert’s Late Show Salary?
Stephen is reported to have made a salary of around $15 million per year with CBS while hostingThe Late Show.
Here you can find the original article; the photos and images used in our article also come from this source.
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