Colbert’s predecessor on The Late Show, David Letterman, actually did go to Netflix with the long-form interview show My Next Guest Needs No Introduction. While John Oliver’s Last Week Tonight is technically an HBO production, it appears that most people who watch it do so with an HBO Max subscription.

Colbert broke the shocking news to viewers that CBS had canceled The Late Show on July 17, with its final episode set to air in May 2026. CBS cited financial reasons; however, others have speculated that the decision was made due to Colbert’s criticism of Paramount’s recent settlement with President Donald Trump.

Stephen Colbert will no longer host The Late Show. Following the network’s shocking $16 million settlement against Donald Trump, CBS announced that The Late Show with Stephen Colbert is ending next year. As fans of the late-night comedy show grapple with its imminent conclusion, many are wondering why the show was canceled.