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 Federal Communications Commission approved the sale of Paramount Global after the buyer made pledges to showcase a diversity of viewpoints and root out alleged bias in CBS' news coverage.

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

"CBS Mornings" co-host Tony Dokoupil took exception to the liberal outrage over CBS' cancellation of "The Late Show with Stephen Colbert," citing political and financial factors.

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,