New Delhi, May 21 -- Stephen Colbert is set to host his final episode of "The Late Show" on Thursday (May 21), marking the end of an 11-year run on CBS and closing a major chapter in American late-night television history. The finale airs at 11:35 p.m. ET from the iconic Ed Sullivan Theater in New York.

Colbert took over the show in September 2015, succeeding David Letterman, who hosted the program for more than two decades from 1993 to 2015. CBS has confirmed it will not replace Colbert with a new host, instead choosing to retire "The Late Show" franchise entirely.

Paramount Global, CBS's parent company, has described the cancellation as a purely financial move.

The company said the decision was:"purely a financial decision against a ...