Stephen Colbert and his money-losing CBS late-night show would have been canceled even sooner if the merger between parent company Paramount and Skydance wasn’t held up, On The Money has learned. People at the independent studio and their partners Redbird Capital in the $8 billion takeover of the media giant have been busy crunching P&L (profit and loss) of CBS and are seeing a lot more L than P – particularly when it comes to “The Late

CBS will end "The Late Show with Stephen Colbert" and retire "The Late Show" franchise in May 2026, the company announced Thursday.

Fox News host Greg Gutfeld is the ratings king of late night with 3.1 million average viewers, despite what Stephen Colbert may be telling his audience.

The end of The Late Show at the end of the 2025-26 season will leave CBS without a late-night presence for the first time since 1993, when David Letterman moved from NBC to launch The Late Show. Colbert took over the show in 2015 and has been a consistent ratings leader among the network 11:35 p.m. shows for much of that time.

The comedian-centered panel series, which will be hosted and executive produced by Byron Allen, will return for Season 20.

On a recent episode of SiriusXM’s Andy Cohen Live, the Watch What Happens Live host cast doubt on the network’s purported financial motivation in a new way. Citing Matt Belloni’s claim on Puck News that The Late Show was losing more than $40 million a year for CBS,

For one night only, Bad Bunny will appear as a guest on 'The Late Show With Stephen Colbert,' followed by 'Late Night With Seth Meyers'

Late-night host Stephen Colbert had a vulgar retort to President Donald Trump taunting him over his cancellation, saying "go f--- yourself" to audience cheers.