Colbert, who already has 10 Emmys to his name, was previously honored for "The Colbert Report" on Comedy Central and his most recent win for his special, audaciously titled "Stephen Colbert's Election Night 2020: Democracy's Last Stand: Building Back America Great Again Better 2020."

The end of the 'Late Show' franchise is a major blow for a once-beloved TV format, which has lost relevance and advertising dollars.