Stephen Colbert Announces Final ‘Late Show’ Episode Date

Jan 28, 2026 | 6:14 AM

Stephen Colbert revealed that The Late Show will air its final episode on Thursday, May 21st, ending CBS’s late-night franchise more than three decades after it launched in 1993 when David Letterman left NBC for CBS. The network announced the cancellation last July, calling it “purely a financial decision” amid late-night television’s challenging landscape. CBS emphasized the decision was unrelated to Colbert’s political views or Paramount’s merger with Skydance, though doubts have persisted. Still, the decision reflects industry-wide struggles as streaming services and online clips draw younger viewers away from traditional 11:35 p.m. broadcasts, reducing crucial ad revenue. (Story URL)