On Thursday night, Stephen Colbert announced that CBS has canceled The Late Show. The iconic late-night series, which ran for over 30 years between both Colbert and David Letterman's tenures as host, will end in May 2026.

President Donald Trump has shared a statement following the news that The Late Show with Stephen Colbert has been canceled and insisted that the host 'was fired'

Later, Schiff did address CBS’ decision to cancel Late Show, writing on X, “Just finished taping with Stephen Colbert who announced his show was cancelled. If Paramount and CBS ended the Late Show for political reasons, the public deserves to know. And deserves better.”

Even CNN’s Brian Stelter, no fan of Trump, said as much, writing: “The bottom has indeed been falling out of the late-night TV business model for several years now. Audience fragmentation and digital competition have led to a decline in ad revenue across the board. One insider described it as ‘cratering’ at CBS.”

Rosie O’Donnell Sends Direct Message to Donald Trump After Stephen Colbert’s ‘Late Show’ Cancellation originally appeared on Parade. Rosie O'Donnell sent a direct message to President Donald Trump after his response to Stephen Colbert 's Late Show cancellation and the POTUS' citizenship threat against her.

Donald Trump celebrated CBS’s decision to cancel The Late Show with Stephen Colbert, and attacked the two remaining broadcast network late night hosts, Jimmy Kimmel and Jimmy Fallon. Trump posted on Truth Social,

Though the cancellation comes days after Stephen Colbert criticized Paramount for settling a Trump lawsuit, the company said it was 'purely a financial decision.'

CBS' shock announcement sparked speculation over whether there was a political motive for the program's cancellation.

The most recent ratings from Nielsen show Colbert as winning his timeslot, with about 2.417 million viewers across 41 new episodes.