India, July 18 -- CBS is canceling the Late Show with Stephen Colbert, and the Late Show franchise itself. The company and Colbert made the announcement on Thursday.

The Late Show with Stephen Colbert will end in May 2026. The hour-long show with Colbert has been on since 2015.

"THE LATE SHOW with STEPHEN COLBERT will end its historic run in May 2026 at the end of the broadcast season," the company said in a statement, adding, "We consider Stephen Colbert irreplaceable and will retire 'THE LATE SHOW' franchise at that time. We are proud that Stephen called CBS home. He and the broadcast will be remembered in the pantheon of greats that graced late night television."

CBS said that the decision to cancel the show was purely a financial o...