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 Late Show with Stephen Colbert' was cancelled three days after Colbert criticized Paramount for their $16 million settlement with President Donald Trump

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.

A review by Fox News Digital found that left-wing journalists and other media figures made hundreds of appearances on "The Late Show with Stephen Colbert."

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