
What's next for Stephen Colbert after The Late Show ends in 2026?
CBS announced on Thursday evening that the long-running late night program founded by David Letterman will be retired for alleged cost-cutting measures.
However, the unexpected move comes suspiciously just days after Colbert mocked the network's parent company Paramount Global for settling its 60 Minutes lawsuit with President Donald Trump amid its pending merger with Skydance Media.
While Colbert will still host the program through next spring, he will exit CBS as one of the biggest free agents in the comedic media space. What could be next on his agenda?
A new talk show at another network or streamer?
If Colbert wants to go right back to the format he will exit at CBS next May, other media companies may jump quickly on such a well-known figure to come in and set up shop on their dime.
Netflix could stand as a legitimate candidate, as co-CEO Ted Sarandos has championed comedy as part of the streamer's content strategy... even that of a controversial ilk (see Chappelle, Dave). Landing Colbert for a project of his choosing would be one of Netflix's biggest catches talent-wise in a while. Netflix could also give him more creative freedom and schedule flexibility that the demands of network television just don't offer.
Letterman, his Late Show predecessor, eventually found his next home at Netflix. Could Colbert be next?
Apple could be a hypothetical suitor, but after Colbert's close friend Jon Stewart spoke out about conflicts of interest with his now-defunct AppleTV+ show, The Problem, it's not as likely a match in theory. Amazon is another possible home with its expanded streaming options, but real conflicts of interest in Colbert potentially (likely) lampooning company founder Jeff Bezos could arise there, too.
Disney already has Jimmy Kimmel at the center of its late night strategy, and Comcast has Jimmy Fallon and Seth Meyers settled on NBC. Warner Bros. Discovery offers John Oliver on HBO. However, those companies could hypothetically try to court Colbert for some sort of project on some sort of platform.
As of now, Netflix would offer Colbert his most natural path to a program of his liking. The streamer hasn't shied away from opinionated comedy in the past, and it's shown its willing to spend in the space on top talent.
A Daily Show takeover?
Once Jon Stewart's contract runs out on his second run with The Daily Show at the end of the year, Colbert would hypothetically be a natural replacement for the Monday slot that Stewart has reoccupied since 2024.
Colbert made his name as one of Stewart's top Daily Show correspondents before starting his own Comedy Central show, a landmark program in Bush/Obama-era political satire. Colbert returning to the network would be a huge boost to its viability, but it would require two gigantic dominoes to fall.
First, Colbert would have to be interested in re-upping with the company that just canned his program under suspicious terms. Two, Paramount, post-Skydance merger, would have to show interest in Colbert for the job... or in even keeping The Daily Show going in the first place.
It's not impossible Colbert lands here, but it seems much more far-fetched at this point.
Colbert pulls a Conan and just does what he wants
The most likely path for Colbert if he doesn't want a new home for a talk show is that he pulls a Conan O'Brien and just does whatever he feels like doing.
Ever since closing out his TBS talk show, O'Brien has hosted the Oscars, kept his podcast going, acted in an A24 movie and crafted his comedic travel show on HBO Max. He's just open to whatever comes his way.
If you'd like to know where you might see Colbert next, our best guess is wherever the wind blows him. He has the cultural cachet to basically do just about whatever he wants, and he can most assuredly self-fund a podcast at worst. He could write a book about J.R.R. Tolkien for all we know. Maybe we get a Strangers with Candy revival?
We wouldn't be shocked if Colbert takes his CBS exit as an opportunity to explore his creative chops in new spaces. While he's going to be a hot free agent for other companies, don't be shocked when he freelances.
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