CBS has officially announced that Stephen Colbert’s ‘Late Show’ will conclude its run in May, ending a long-standing late-night television program. The decision has raised questions about its financial sustainability, with some observers pointing to recent cost-cutting efforts following a contentious negotiation with ’60 Minutes.’
The cancellation comes after a period of significant programming changes at CBS, including the restructuring of its late-night lineup following the departure of David Letterman. While the network has not provided explicit financial details, industry analysts have speculated that the move may be part of broader cost-cutting measures. The network’s parent company, ViacomCBS, has been under pressure to reduce expenses in response to declining viewership and changing consumer habits.
Colbert’s ‘Late Show’ had been a major hit for CBS, consistently drawing large audiences and generating strong ratings. However, the decision to end the show suggests that the network is prioritizing financial considerations over long-term programming. The announcement has left many fans and industry insiders surprised, as the show had been in its final season and had yet to face significant ratings drops.