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*The Late Show* is ending on May 21, 2026, after Stephen Colbert hosted since 2015.
David Letterman, the original host, expressed his displeasure with the cancellation, stating, "I have every right to be pissed off."
CBS claims the cancellation is a "purely financial decision," but Letterman disputes this.
Stephen Colbert will be working on a *Lord of the Rings* movie after the show concludes.
The show is currently the most-watched late-night show, averaging 2.7 million viewers, according to Nielsen ratings data.
Why this matters: The end of *The Late Show* marks a significant shift in late-night television. The circumstances surrounding its cancellation, including the alleged conflict with Paramount, highlight the complex dynamics between media networks and their hosts. Colbert's move into film offers a new direction for the acclaimed entertainer.
*The Late Show* debuted on CBS in August 1993 with David Letterman, who previously hosted *Late Night* on NBC. Stephen Colbert took over in September 2015 after hosting *The Colbert Report* on Comedy Central. The show has earned critical acclaim, including an Emmy Award for Outstanding Variety Talk Series in 2025.
CBS stated that the decision to end *The Late Show* was purely financial, unrelated to the show's performance or content. This announcement followed Colbert's criticism of Paramount for settling a $16 million claim related to a *60 Minutes* interview. Letterman has openly questioned the network's explanation, calling it a "botched holdup."
David Letterman made a guest appearance where he expressed his disappointment, suggesting the show's success was built on his foundation. He concluded his message with a nod to CBS's history, quoting Ed Murrow.
Following the conclusion of *The Late Show*, Stephen Colbert plans to work on a *Lord of the Rings* movie with his son. This marks a new chapter in his career, transitioning from late-night television to film production.
CBS will replace *The Late Show* with *Comics Unleashed With Byron Allen*, followed by *Funny You Should Ask*, beginning May 22.
Q: Why is *The Late Show* ending?
CBS cites financial reasons, though some speculate it's related to Colbert's criticism of the network's parent company.
Q: What does David Letterman think about the cancellation?
Letterman has publicly expressed his displeasure and skepticism regarding CBS's explanation.
Q: What will Stephen Colbert do next?
Colbert will be working on a *Lord of the Rings* movie with his son.
*The Late Show's* cancellation signifies a change in the late-night TV landscape.
The circumstances around the cancellation highlight tensions between media networks and their personalities.
Stephen Colbert is moving into film, offering a new direction for his career.
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