CBS is axing “The Late Show With Stephen Colbert” in May 2026. The announcement on live air Thursday came two days after Colbert spoke out against CBS Global settling with President Donald Trump over a “60 Minutes” story.

Colbert’s cancellation came days after he mocked Paramount, which owns CBS, for its $16 million settlement with Trump in a lawsuit many considered meritless. That settlement comes as Paramount attempts a merger with Skydance Media, which requires FCC approval to proceed.

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).

After more than three decades on air, CBS announced on Thursday that its famed "Late Show" franchise is coming to a close. "The Late Show with Stephen Colbert" will officially come to an end in May 2026, according to the network, which said the decision to end the show was a financial one.

Newsweek has reached out to representatives for Stewart and Colbert via email. The Context. Stewart and Colbert are stalwarts of the television world. Stewart is the long-running

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.

Related: "Evidence Of Trump’s Stupidity": Trump Was Ruthlessly Mocked After Suffering A Brain Fart While Trying To Insult Biden “None of that is true either,” Colbert said. Kaczynski went to Harvard, not MIT.

Stephen Colbert returned from his summer hiatus on Monday (July 14) and wasted no time calling out CBS’ parent company, Paramount, for its $16 million settlement with President Donald Trump.