The cancellation from CBS comes in the aftermath of Colbert criticizing his parent company on-air for their $16 million settlement with Trump

The Late Show with Stephen Colbert will end in May 2026, the CBS television network announced in a surprise statement on Thursday. The move "is purely a financial decision against a challenging backdrop in late night [television]," and "is not related in any way to the show's performance, content or other matters," CBS said.

CBS said in a statement that it was “purely a financial decision.” The show launched with Colbert as host, executive producer and writer a decade ago.

Stephen Colbert and Jon Stewart slammed Paramount for making a deal with Trump, serving notice they won't be silenced by their parent company.

Colbert followed “The Daily Show” host Jon Stewart’s attack of the deal one week earlier. Stewart works for Comedy Central, also owned by Paramount, making the two comics the most visible internal critics of the $16 million settlement that was announced on July 1.

Stephen Colbert went off on his employer, Paramount, on Monday after the company decided to settle with President Trump in his lawsuit against the network.