CBS is canceling âThe Late Show With Stephen Colbertâ next May, shuttering a decades-old TV institution in a changing media landscape and removing from air one of President Donald Trumpâs most prominent and persistent late-night critics.
Thursdayâs announcement followed Colbertâs criticism on Monday of a settlement between Trump and Paramount Global, parent company of CBS, over a â60 Minutesâ story.
Colbert told his audience at New Yorkâs Ed Sullivan Theater that he had learned Wednesday night that after a decade on air, ânext year will be our last season. ... Itâs the end of âThe Late Showâ on CBS. Iâm not being replaced. This is all just going away.â
The audience responded with boos and groans.
âYeah, I share your feelings,â the 61-year-old comic said.
Three top Paramount and CBS executives praised Colbertâs show as âa staple of the nationâs zeitgeistâ in a statement that said the cancellation âis purely a financial decision against a challenging backdrop in late night. It is not related in any way to the showâs performance, content or other matters happening at Paramount.â
In his Monday monologue, Colbert said he was âoffendedâ by the $16 million settlement reached by Paramount, whose pending sale to Skydance Media needs the Trump administrationâs approval. He said the technical name in legal circles for the deal was âbig fat bribe.â
âI donât know if anything â anything â will repair my trust in this company,â Colbert said. âBut, just taking a stab at it, Iâd say $16 million would help.â
Trump had sued Paramount Global over how â60 Minutesâ edited its interview last fall with Democratic presidential candidate Kamala Harris. Critics say the company settled primarily to clear a hurdle to the Skydance sale.
Colbert took over âThe Late Showâ in 2015 after becoming a big name in comedy and news satire working with Jon Stewart on âThe Daily Showâ and hosting âThe Colbert Report,â which riffed on right-wing talk shows.
The most recent ratings from Nielsen show Colbert gaining viewers so far this year and winning his timeslot among broadcasters, with about 2.417 million viewers across 41 new episodes. On Tuesday, Colbertâs âLate Showâ landed its sixth nomination for a Primetime Emmy Award for outstanding talk show. It won a Peabody Award in 2021.
David Letterman began hosting âThe Late Showâ in 1993. When Colbert took over, he deepened its engagement with politics. Alongside musicians and movie stars, Colbert often welcomes politicians to his couch.
Democratic Sen. Adam Schiff of California was a guest on Thursday night. Schiff said on X that âif Paramount and CBS ended the Late Show for political reasons, the public deserves to know. And deserves better.â Democratic Sen. Elizabeth Warren of Massachusetts released a similar statement.
Colbertâs counterpart on ABC, Jimmy Kimmel, posted on Instagram âLove you Stephenâ and directed an expletive at CBS.
Actor and producer Jamie Lee Curtis noted in an interview in Los Angeles that the cancellation came as the House passed a bill approving Trumpâs request to cut funding to public broadcasters NPR and PBS.
âTheyâre trying to silence people, but that wonât work. Wonât work. We will just get louder,â said Curtis, who has previously criticized Trump and is set to visit Colbertâs show in coming days.
Colbert has long targeted Trump. The guests on his very first show in September 2015 were actor George Clooney and Jeb Bush, who was then struggling in his Republican presidential primary campaign against Trump.
âGov. Bush was the governor of Florida for eight years,â Colbert told his audience. âAnd you would think that that much exposure to oranges and crazy people would have prepared him for Donald Trump. Evidently not.â
Late-night TV has been facing economic pressures for years; ratings and ad revenue are down and many young viewers prefer highlights online, which networks have trouble monetizing. CBS also recently canceled host Taylor Tomlinsonâs âAfter Midnight,â which aired after âThe Late Show.â
Still, Colbert had led the network late-night competition for years. And while NBC has acknowledged economic pressures by eliminating the band on Seth Meyersâ show and cutting one night of Jimmy Fallonâs âThe Tonight Show,â there had been no such visible efforts at âThe Late Show.â
Colbertâs relentless criticism of Trump, his denunciation of the settlement, and the parent companyâs pending sale canât be ignored, said Bill Carter, author of âThe Late Shift.â
âIf CBS thinks people are just going to swallow this, theyâre really deluded,â Carter said.
Andy Cohen, who began his career at CBS and now hosts âWatch What Happens Live,â said in an interview: âIt is a very sad day for CBS that they are getting out of the late-night race. I mean, they are turning off the lights after the news.â