A joint statement from Co-CEO Paramount Global and President and Chief Executive Officer George Cheeks, CBS Entertainment President Amy Reisenbach, and CBS Studios President David Stapf addressed why The Late Show was so suddenly cancelled:

The late night host looks ahead to the next 10 months, assuring his crew and studio audience, "It's going to be fun."

The decision to cancel The Late Show With Stephen Colbert is sending shockwaves through Hollywood — and late-night veterans like Jimmy Kimmel and Andy Cohen aren’t holding back their feelings. During the Thursday,