Yes, CBS is canceling The Late Show franchise after more than three decades on the air. Stephen took over the show in 2015, and it was originally hosted by David Letterman. The Late Show will end in May 2026, CBS executives announced on July 17, 2025.

NEW YORK (AP) — CBS is axing “The Late Show With Stephen Colbert” in May 2026, the host told an audience at a taping Thursday. The announcement came two days after Colbert spoke out against CBS Global settling with President Donald Trump over a “60 Minutes” story.

CBS said it is canceling “The Late Show with Stephen Colbert” at the end of the upcoming television season in May, a casualty of industry changes that have dealt a crippling blow to advertising revenue.