CBS is axing “The Late Show With Stephen Colbert” in May 2026. CBS is axing “The Late Show With Stephen Colbert” in May 2026, the host told an audience at a taping Thursday.

CBS has cancelled The Late Show and announced Stephen Colbert will serve as final host until May 2026 days after he called out his parent company's "bribe."

CBS announced on Thursday that 'The Late Show With Stephen Colbert' would end in 2026, but the timing, coincidental or not, comes as Paramount tries to sell itself to Skydance.