TV’s ongoing problems with late night have come for Stephen Colbert, with CBS announcing Thursday that it plans to end his “Late Show” after the next TV season, citing a “financial decision.”
The decision — which ends years of original late-night programming at CBS that started when the network lured David Letterman from NBC in 1993 — comes as the economics of wee-hours TV have begun to accelerate, with media companies growing wary of the high price tags involved in producing the shows while the young viewers they try to attract watch more of them via digital video.
“We consider Stephen Colbert irreplaceable and will retire ‘The Late Show’ franchise” in May of 2026,” CBS executives said in a statement. “We are proud that Stephen called CBS home. He and the broadcast will be remembered in the pantheon of greats that graced late night television. This is purely a financial decision against a challenging backdrop in late night. It is not related in any way to the show’s performance, content or other matters happening at Paramount.”
Colbert, who was informed of the network’s decision Wednesday evening, according to a person familiar with the matter, told the audience at the taping for Thursday’s broadcast about the matter.
There has been growing speculation that both Colbert and Jon Stewart, who hosts one broadcast of Comedy Central’s “Daily Show” each week could be under growing scrutiny from executives at Skydance Media, which is slated to acquire Paramount Global, the parent of both CBS and Comedy Central. David Ellison, who leads Skydance, has projected an image of being intrigued by the politics espoused by President Donald Trump, who Colbert and Stewart routinely skewer in monologues and commentary.
More to come….
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