Stephen Colbert's Late Show will end in May 2026 as CBS faces financial concerns, while politicians like Bernie Sanders question if the cancellation relates to Trump criticism.

The cancellation of 'The Late Show with Stephen Colbert' has sparked controversy over potential political motives, as CBS cites financial struggles as the reason for ending one of the most popular late-night shows.

Stephen Colbert again ensnared himself a bit with embattled Twitter CEO Elon Musk on Wednesday, teasing the world’s richest man for losing a reported $170 billion in the 2022 calendar year.

After more than three decades on air, CBS announced on Thursday that its famed "Late Show" franchise is coming to a close.