CBS cancels Stephen Colbert's late-night show
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Prominent political figures as well as Hollywood stars have reacted with disgust over the news that 'The Late Show With Stephen Colbert' will end its run in 2026.
CBS could not figure out a path to profitability in an entertainment world increasingly dominated by streaming.
The president on Friday openly basked in the news and suggested that Jimmy Kimmel might be "next" in losing his late night job.
Colbert confirmed the cancellation during a show taping on Thursday. CBS said the move was "purely a financial decision against a challenging backdrop in late night."