CBS will end "The Late Show with Stephen Colbert" and retire "The Late Show" franchise in May 2026, the company announced Thursday, calling it "purely a financial decision against a challenging backdrop in late night.

Colbert shared the news with his studio audience ahead of the show Thursday, telling them CBS canceled the show. Read what he said.

CBS has cancelled The Late Show and announced Stephen Colbert will serve as final host until May 2026 days after he called out his parent company's "bribe."