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flag CBS cancels "The Late Show" with Stephen Colbert due to financial losses, shifting viewer trends.

flag CBS has announced the cancellation of Stephen Colbert's "The Late Show," citing financial losses of around $40 million annually. flag The decision comes amid declining late-night TV viewership and a shift towards comedy content on platforms like TikTok and YouTube. flag Despite the financial rationale, former President Donald Trump suggested the cancellations of other late-night shows might follow and praised a $16 million settlement from CBS related to a "60 Minutes" interview. flag Colbert's final show is set for May 2026, with fellow late-night hosts expressing support for Colbert.

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