Summary
CBS announced that "The Late Show with Stephen Colbert" will end in May 2026. The decision is linked to financial reasons and comes as CBS plans to merge with Skydance Media. Despite the show's high ratings, CBS cited financial pressures as the primary reason for its cancellation.
Key Facts
- "The Late Show with Stephen Colbert" will end in May 2026 as announced by CBS.
- CBS is planning a merger with Skydance Media, which influences financial decisions.
- The show's cancellation is not due to its performance, according to CBS.
- Stephen Colbert's show leads in late-night ratings, averaging 2.42 million viewers.
- The show reportedly costs $100 million a year to produce and loses about $40 million in revenue.
- CBS previously canceled another late-night show called "After Midnight."
- There is speculation on political motives due to the merger needing Department of Justice approval.
- Paramount's stock increased by 0.2% following the announcement.
