CBS will end "The Late Show with Stephen Colbert" and retire "The Late Show" franchise in May 2026, the company announced Thursday, calling it "purely a financial decision against a challenging backdrop in late night.

CBS could not figure out a path to profitability in an entertainment world increasingly dominated by streaming.

A new report from Puck's Matt Belloni is shedding light on the finances that led to CBS' bombshell cancellation of "The Late Show with Stephen Colbert."

Stephen Colbert took viewers by surprise this week when he announced The Late Show would be heading for the big TV schedule in the sky. The long-running series, which he has hosted since 2015, will leave screens next May. And not because Colbert is being replaced by a new presenter - the show is ending altogether.

Before Stephen Colbert's "Late Show" was canceled, Jon Stewart hadn't "heard anything" about whether his Comedy Central show would be canceled.

The WGA has issued a statement calling for a bribery investigation following CBS' cancellation of 'The Late Show With Stephen Colbert.'

CBS Mornings' hosts reacted with sadness and surprise to the cancellation of 'The Late Show with Stephen Colbert' that was announced Thursday.

Singer Noah Cyrus performed her new song "Way of the World" on The Late Show with Stephen Colbert Thursday. She wore a long black dress with long black gloves and performed in front of a garden arbor covered in apparent vines.