Stephen Colbert will no longer host The Late Show. Following the network’s shocking $16 million settlement against Donald Trump, CBS announced that The Late Show with Stephen Colbert is ending next year. As fans of the late-night comedy show grapple with its imminent conclusion, many are wondering why the show was canceled.

The Late Show” host Stephen Colbert stunned viewers last month when he announced that CBS has pulled the plug on the show, effective May 2026. In this Sunday Sitdown Lookback, Colbert joins Willie Geist for a conversation reflecting on his early struggles in comedy,