Stephen Colbert's 'Late Show' just got cancelled

CBS is cancelling "The Late Show With Stephen Colbert" next May, shuttering a decades-old TV institution in a changing media landscape and removing from air one of President Donald Trump's most prominent and persistent late-night critics.

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CBS said “Late Show” was cancelled for financial reasons, not for content. But the timing — three days after Colbert criticized the settlement between Trump and Paramount Global, parent company of CBS, over a “60 Minutes” story — led two U.S. senators to publicly question the motives.

Democratic U.S. Sen. Adam Schiff of California was a guest on Thursday night. Schiff said on X that “if Paramount and CBS ended the Late Show for political reasons, the public deserves to know. And deserves better.”

Democratic U.S. Sen. Elizabeth Warren of Massachusetts released a similar statement.

Colbert told his audience at New York’s Ed Sullivan Theater that he had learned Wednesday night that, after a decade on air, “next year will be our last season. ... It’s the end of ‘The Late Show’ on CBS. I’m not being replaced. This is all just going away.”