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.

Stephen Colbert announced at the Thursday evening taping of “The Late Show with Stephen Colbert” that his show would be canceled at the end of the season.

CBS could not figure out a path to profitability in an entertainment world increasingly dominated by streaming.

Before Stephen Colbert's "Late Show" was canceled, Jon Stewart hadn't "heard anything" about whether his Comedy Central show would be canceled.

Here's a look at some of Stephen Colbert's most partisan moments from the past decade after it was announced on Friday that "The Late Show" would end in 2026.