In a shocking move, CBS is ending “The Late Show with Stephen Colbert” next year, and apparently exiting the late-night television business altogether. The network, citing financial pressures,

Colbert confirmed the cancellation during a show taping on Thursday. CBS said the move was "purely a financial decision against a challenging backdrop in late night."

This story originally appeared in Los Angeles Times. CBS said it is canceling "The Late Show with Stephen Colbert" at the end of the upcoming television season in May, a casualty of industry changes that have dealt a crippling blow to advertising revenue.

Stephen Colbert's "The Late Show", long a staple of late-night television, will come to an end in 2026, the comedian and network CBS said on Thursday."The network will be ending the show in May (2026).

This is all just going away,” host Stephen Colbert said while taping his Thursday show.