CBS is nixing "The Late Show with Stephen Colbert," rocking the late-night TV landscape in a move the network cited as a "financial decision."

"'The Late Show with Stephen Colbert' will end its historic run in May 2026 at the end of the broadcast season," CBS said in a Thursday announcement. The network said it would "retire 'The Late Show' franchise at that time."

"This is purely a financial decision against a challenging backdrop in late night. It is not related in any way to the show’s performance, content or other matters happening at Paramount," a statement said.

The decision to sunset Colbert's show, a network TV ratings juggernaut, came just weeks after Paramount Global, the parent company of CBS,

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