When CBS embarked on the project of replacing David Letterman as the host of The Late Show, in 2014, the network spared no expense. It hired Stephen Colbert, who had collected Emmys and acclaim while hosting his Comedy Central talk show,

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.

As David Letterman prepares to retire from "The Late Show," CBS vice president of late night programming Vinnie Favale joins CBSN to discuss Monday night's special tribute to the iconic host. Apr ...

The late-night host had scoffed at a decision by CBS’s parent company to pay the U.S. president $16 million over a disputed interview.