The state of late-night TV is keeping media executives from sleeping well. CBS’ decision to cut ties with Stephen Colbert and its decades-old “Late Show” franchise come next May will leave a major hole in the format — but one that has been widening.

The announcement came days after Colbert spoke out against the $16 million settlement paid by CBS News parent Paramount to settle a lawsuit filed by Donald Trump.

The Late Show host Stephen Colbert is teaming up with Amy Sedaris and Paul Dinello for a one-off reunion as part of the 2025 New York Comedy Festival. They will make an appearance at New York City’s Town Hall on Saturday, Nov. 8 to commemorate the 25th anniversary of ...

Colbert notably clowned Paramount and described the settlement as a “big fat bribe” on Monday’s show, jokes that sparked speculation that the program’s cancellation was politically motivated and led the show’s union to call for an investigation into CBS’ decision.

Stephen Colbert's friends and colleagues are in shock at The Late Show's surprise cancellation.

President Donald Trump was gleeful over Stephen Colbert's cancellation, saying his "talent was even less than his ratings" on Truth Social.