In a twist that rocked the world of late-night television, Stephen Colbert announced a shocking revelation: CBS will end 'The Late Show' in May 2026.

During a live taping at the iconic Ed Sullivan Theater in New York City, Colbert broke the news to his unsuspecting audience. 'I want to let you know something I found out just last night,' he shared. 'Next year will be our last season. The network will be ending 'The Late Show' next May.'

The news was met with a collective gasp, and Colbert echoed their sentiments, stating, 'Yeah, I share your feelings.'

The 61-year-old host continued, 'It's not just the end of our show, it's the end of the 'Late Show' on CBS,' emphasizing, 'I'm not being replaced. This is all just going away.'

The announcement arrives on the heels of 'The Late Show' snagging an Emmy nomination for best talk series, standing shoulder to shoulder with 'The Daily Show' and 'Jimmy Kimmel Live!'

Paramount executives, including CEO George Cheeks, issued a statement confirming that Colbert will not be replaced, declaring him 'irreplaceable' and that the decision was purely financial. They remarked on Colbert's impact, placing him firmly in the 'pantheon of greats that graced late-night television.'

While the news shocked many, it also highlighted the shifting landscapes of television where financial decisions often trump tradition, reminding us that even beloved formats must adapt or step aside.