Overview
- CBS cited financial challenges in a tough late-night landscape for its decision to end The Late Show with Stephen Colbert next May.
- The network confirmed it will leave Colbert’s 11:35 p.m. slot vacant with no new late-night replacement planned.
- During a July 17 taping, Colbert revealed he had learned of the cancellation only the previous evening, prompting boos from the studio audience.
- President Trump celebrated the cancellation on Truth Social, calling Colbert talentless and suggesting Jimmy Kimmel could be next.
- Senator Adam Schiff and industry analysts have questioned whether political factors tied to Paramount Global’s $16 million Trump settlement and its pending $8.4 billion Skydance merger influenced the timing.