Stephen Colbert shocked his audience and late night fans, announcing CBS had decided to cancel his long-running show. “The Late Show” is the most-watched late night talk show on television, but it is expensive to produce and has faced declining ratings.

In an interview airing on "CBS Sunday Morning" April 23, the late-night TV host describes his show as a place where, for eight years, people could come "for joy, and light, and levity."

Jimmy Kimmel gave a salute to “The Late Show With Stephen Colbert” — and blasted rival network CBS — on Thursday evening, hours after CBS announced that it is canceling Colbert’s series in May 2026 and retiring the “Late Show” brand. “Love you Stephen,” Kimmel wrote on his Instagram story, captioning a clip of Colbert’s …