CBS announced the cancellation of "The Late Show with Stephen Colbert" in May 2024, ending a decade-long run. The network cited financial reasons, denying any connection to Colbert's criticism of a Paramount Global settlement with Donald Trump or the show's content. Colbert, a frequent Trump critic, expressed his offense at the settlement. Despite strong ratings and Emmy nominations, the cancellation sparked controversy and accusations of silencing political dissent, especially given the recent cut to public broadcasting funds. The move reflects broader economic pressures facing late-night television.

Prepared by Emily Rhodes and reviewed by editorial team.