After CBS pulled the plug on Colbert’s top-rated late-night show, Dave Portnoy says the move wasn’t political — it was just business.

CBS’ decision to cut ties with Stephen Colbert and its decades-old “Late Show” franchise come next May will leave a major hole in the format — but one that has been widening. TV networks have been cutting costs at their late-night mainstays for the past few years.

Stephen Colbert’s Late Show shockingly cancelled after 33 years - just days after his scathing Trump criticism - CBS pulls the plug on The Late Show amid political firestorm over Paramount’s $16 milli

The Late Show with Stephen Colbert will be canceled at the end of the 2025–2026 season, according to The Guardian. The decision, according to CBS’s parent company Paramount Global, is “purely financial” and unrelated to the show’s performance or content.

Colbert's 'The Late Show' will end in May 2026. Colbert's blend of comedy and commentary has made him a voice of reason in an era of political turmoil.