CBS is canceling Stephen Colbert's (61) "Late Show". This is reported by industry portal "Variety", among others. The US network explained this as a "financial decision". The late-night show has a long tradition at CBS,

Late night talk shows in recent years haven't been quite as much of a staple of network television like in the days of David Letterman and Jay Leno, but CBS' move against The Late Show with Stephen Colbert will still come as a shock to many.