Stephen Colbert's Late Show Gets Cancelled
The network has decided to retire the entire Late Show franchise, a move that marks the close of a 33-year era, spanning from David Letterman's launch in 1993 to Colbert's decade-long run until 2026.
A 'Purely Financial Decision'?
CBS attributes the cancellation to industry-wide financial difficulties in the late-night format, citing declining ad revenue and shifting viewer habits. The network claims Colbert remains 'irreplaceable' and clarified that the move 'is not related in any way to the show's performance, content or other matters'.
Timing Raises Political Eyebrows
The announcement on July 17, closely followed Colbert's on-air criticism of Paramount Global's $16 million settlement with Donald Trump over a 2024 60 Minutes interview, labelling the deal a 'big fat bribe'. This timing prompted U.S. senators Adam Schiff and Elizabeth Warren to question whether the cancellation was politically motivated, calling for transparency.
Colbert's Response: 'I'm Not Being Replaced'
Colbert informed his live audience at New York's Ed Sullivan Theater that he was told on July 16 that the upcoming season would be his last. 'It is the end of The Late Show on CBS. I'm not being replaced, this is all just going away,' he said—eliciting boos and groans.
Legacy, Ratings & Cultural Impact
Despite industry pressure, The Late Show consistently topped its time slot, averaging 2.4 million viewers across 41 new episodes this year and earning an Emmy nomination in 2025. Colbert's blend of political satire and celebrity interviews helped define its unique position.
The cancellation of The Late Show doesn't just close the chapter on Stephen Colbert's reign; it shuts down a late-night institution. Whether due to shifting economics, behind-the-scenes politics, or the pressures of an evolving media landscape, the show's end underlines a growing uncertainty in broadcast television's ability to sustain influential voices in political satire. The next year will determine if this marks a temporary hiatus or the last chapter in a storied era of network late-night.
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