Last week, fans of late night television got some bad news.
Before we start the show, I want to let you know something that I found out just last night.
Next year will be our last season.
CBS was canceling The Late Show with Stephen Colbert.
Our colleague Joe Flint covers the media.
Stephen Colbert announced to his audience that his show would be ending when his contract expires next May,
May of 2026.
The audience was very, you know, booing and cat calls and not happy about it.
And he basically said, I'm right there with you.
And he said, all this is going away, meaning the late night business.
Yeah, I share your feelings.
It's not just the end of our show, but it's the end of The Late Show on CBS.
I'm not being replaced.
This is all just going away.
In a statement, CBS said the move to cancel the late show was, quote, purely a financial decision.
And Joe says that the finances of late night are tough.
We've been hearing for a long time about the challenges in late night television.
Audiences are smaller, ad revenue is down.
These are issues affecting a lot of shows.
But the idea that the number one rated late night show in Colbert would be just have the plug pulled out and not just him CBS is getting out of a late night business So it's not like we're ending the Colbert show to go with a cheaper option.