CBS says Stephen Colbert's 'The Late Show' to end in May 2026
"Next year will be our last season," the host announced on "The Late Show with Stephen Colbert" to boos and shouts of disbelief. "The network will be ending the show in May (2026)."
CBS called the cancellation "purely a financial decision against a challenging backdrop in late night," and said in a statement the move was "not related in any way to the show's performance, content or other matters happening at (parent company) Paramount."
Paramount, CBS's parent company, reached a $16 million settlement with President Donald Trump this month in a lawsuit the entertainment giant described as meritless.
The company is seeking to close its $8 billion merger with the entertainment company Skydance, which needs federal government approval.
Trump had sued Paramount for $20 billion, alleging that CBS News' "60 Minutes" program deceptively edited an interview with his 2024 election rival, Kamala Harris, in her favor.
Colbert, an outspoken critic of Trump, described the settlement as "a big fat bribe" on his show this week.
He said on Thursday the cancellation was not just the end of his show but the end of "The Late Show" franchise on CBS.
"I'm not being replaced. This is all just going away," he said.
However, Trump's political opponents and other critics drew attention to the timing of the decision.
"CBS canceled Colbert's show just THREE DAYS after Colbert called out CBS parent company Paramount for its $16M settlement with Trump -- a deal that looks like bribery," Democratic Senator Elizabeth Warren said on social media platform X.
"America deserves to know if his show was canceled for political reasons," Warren said.
Democratic Senator Adam Schiff, who was on Colbert's show the night he announced it would be ending, said: "If Paramount and CBS ended the 'Late Show' for political reasons, the public deserves to know. And deserves better."
CBS said in its Thursday statement it was "proud that Stephen called CBS home."
"He and the broadcast will be remembered in the pantheon of greats that graced late night television," its statement said.
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The most unforgettable fashion at WNBA All-Star Weekend, from ‘orange carpet' to tunnel walks
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Sarah Michelle Gellar reacts to Jennifer Love Hewitt feud rumors after ‘I Know What You Did Last Summer' premiere
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Ryan Phillippe played Barry William Cox, who was also murdered the first time around. Gellar's husband, Freddie Prinze Jr., 49, reprised his role as Ray Bronson in the sequel. While on the carpet, Gellar posed for pictures with her partner of 23 years. She also took photos with the slasher's new star, Madelyn Cline, the film's director, Jennifer Kaytin Robinson, and her former 'Buffy' co-star, Seth Green. 'What a night!!! Still can't believe …… years later (no need to date myself) I got to walk the red carpet at another premiere of @ikwydlsmovie,' Gellar captioned her original Instagram post. 'Still starring the most handsome man I know @realfreddieprinze, but this time directed by my best friend @jennkaytin and written by Jenn and @samlansky I love this movie sooooo much and this cast!! Now for the important thank you's @justinemarjan @kmannmakeup @jamielevin_ @taraswennen @oscardelarenta @fernandogarciam1205 @margosiegelpr @lesilla @effyjewelry @guitam_jewelry @lateliernawbar @selimmouzannar for this look I'll never forget.' Gellar and Prinze Jr. first met on the set of 'I Know What You Did Last Summer,' but didn't start dating until 2000. In October 1997, the pair walked the carpet for the original horror movie separately at the GCC Galaxy Theatre in Hollywood, Calif. Gellar, Prinze Jr. and Hewitt all posed for pictures together, as well. 'History repeating itself! Sarah Michelle Gellar and Freddie Prinze Jr. at the I KNOW WHAT YOU DID LAST SUMMER premiere in 1997 and again in 2025,' influencer Evan Ross Katz wrote on Instagram beneath a side-by-side shot from both carpets. The 1997 Kevin Williamson-written film followed a group of four friends who accidentally kill a man. One year later, they're stalked by a hook-wielding killer. In 1998, the follow-up film, 'I Still Know What You Did Last Summer,' was released. According to Sony Pictures, the 2025 movie follows five friends who 'inadvertently cause a deadly car accident' before they 'cover up their involvement and make a pact to keep it a secret rather than face the consequences.' Meanwhile, 'a year later, their past comes back to haunt them and they're forced to confront a horrifying truth: someone knows what they did last summer … and is hell-bent on revenge. As one by one the friends are stalked by a killer, they discover this has happened before, and they turn to two survivors of the legendary Southport Massacre of 1997 for help.' This time around, Prinze Jr. and Hewitt nabbed photographs with the rest of the cast, including Cline, 27, Lola Tung, Nicholas Alexander Chavez and Chase Sui Wonders. However, this isn't the first time Gellar has shut down rumors of an apparent feud between herself and Hewitt. In December, the 'Ringer' alum was asked whether or not the 'Ghost Whisperer' actress would return for the 'I Know What You Did Last Summer' sequel. 'I have nothing to do with that,' Gellar responded before walking away from the interviewer. The internet buzzed with theories that her snappy response signified bad blood between the actresses. Gellar clarified the situation on her Instagram Stories shortly after. 'Aspiring actors please note: This 'deer in the headlights' reaction is perfect for when you are excited to see so many old friends in one project but have already stupidly forgotten what NDA means once this month,' she wrote beneath a photo from the film's set. Gellar had previously leaked an on-set photo of Prinze Jr. shooting in Australia on Thanksgiving. Hewitt also caught wind of the online chatter. 'I just heard that there's this whole thing where they think that Sarah and I were fighting or something. There's all these things out there,' she said on Tommy DiDario's 'I've Never Said This Before' podcast. 'I've really enjoyed going and trying to read the stuff now and be like, 'What are people saying about when we did the movie before, now, all of that stuff?'' Hewitt continued. 'Somebody the other day was like, 'Yeah, I think Julie made sure that she was killed because girl actresses don't like to work with girl actresses.' I was like, 'What are you talking about?'' 'I was 18,' the 'Party of Five' alum explained. 'They were not taking script notes from me guys. Like what are you talking about?' Hewitt also confirmed that the entire cast got along great on set in the '90s. 'All of us were in that experience together, kind of figuring it all out and everything,' she recalled. 'I root for her and Freddie and think it's the cutest thing in the world that they've been married for 100 years and have kids. It's adorable. 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