CBS’ decision to cut ties with Stephen Colbert and its decades-old “Late Show” franchise come next May will leave a major hole in the format — but one that has been widening. TV networks have been cutting costs at their late-night mainstays for the past few years.

And it's not just him who's leaving. "This is all just going away," the comedian, 61, told his appalled audience, explaining that he's not being replaced, but the show will air its final episode in May 2026.

CBS has announced it will end “The Late Show with Stephen Colbert” after the next TV season, calling it a “financial decision.” This marks the end of decades of original late-night programming on CBS,

Jimmy Kimmel blasted CBS for axing “ The Late Show with Stephen Colbert ” after 10 seasons while throwing his support behind his friend and fellow late-night host.

The late night host looks ahead to the next 10 months, assuring his crew and studio audience, "It's going to be fun."

CBS says the decision is ‘purely a financial decision’ not related to ‘content or other matters happening at Paramount.’