As you’ve likely heard, CBS — which is owned by Paramount — has decided to cancel “The Late Show with Stephen Colbert.” Per Reuters, the program is the most-watched late-night show on U.S. broadcast television. However, it will end its 10-year run in May 2026, with the show being retired altogether.

CBS' shock announcement sparked speculation over whether there was a political motive for the program's cancellation.

Stephen Colbert's The Late Show on CBS is being canceled after 10 seasons, and fans have criticized the decision and labeled it 'wrong'.