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CBS to Cancel ‘Late Show With Stephen Colbert’ Citing ‘Financial Decision’
CBS said it planned to cancel Stephen Colbert's Late Show after next season, citing the weakening finances of late night

"We consider Stephen Colbert irreplaceable and will retire 'The Late Show' franchise" in May of 2026," CBS executives said in a statement."
"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."