CBS's "Late Show with Stephen Colbert" is ending after the 2025-26 season due to financial concerns, impacting the late-night talk show format. The cancellation, announced days after Colbert criticized a CBS settlement with Trump, sparked speculation of political motivations. While CBS cites declining viewership and ad revenue, particularly among younger demographics, critics suggest the move might be connected to appeasing the Trump administration amid a merger approval process. The show's cancellation raises questions about the future of late-night television and the challenges faced by broadcast networks in a changing media landscape.

Prepared by Emily Rhodes and reviewed by editorial team.