One of the giants of the US' late night talk shows and a major critic of Donald Trump has been abruptly dropped by his network, after a major legal battle with the President. As a result, from next year, 'The Late Show with Stephen Colbert' will be no more.

CBS is axing “The Late Show With Stephen Colbert” in May 2026, the host told an audience at a taping Thursday. The announcement came two days after Colbert spoke out against Paramount Global, parent company of his network CBS, settling with President Donald Trump over a “60 Minutes” story.

CBS announced Thursday that it was cancelling The Late Show with Stephen Colbert, citing a “financial decision” — raising eyebrows as the news dropped just weeks after the network’s parent company Paramount announced it had agreed to a $16 million settlement with President Donald Trump.