One of the giants of the US' late night talk shows and a major critic of Donald Trump has been abruptly dropped by his network, after a major legal battle with the President. As a result, from next year, 'The Late Show with Stephen Colbert' will be no more.

CBS announced Thursday that it was cancelling The Late Show with Stephen Colbert, citing a “financial decision” — raising eyebrows as the news dropped just weeks after the network’s parent company Paramount announced it had agreed to a $16 million settlement with President Donald Trump.

CBS is axing “The Late Show With Stephen Colbert” in May 2026, the host told an audience at a taping Thursday. The announcement came two days after Colbert spoke out against Paramount Global, parent company of his network CBS, settling with President Donald Trump over a “60 Minutes” story.