SNL creator and NBC executive Lorne Michaels has expressed confidence that Jimmy Fallon and Seth Meyers are safe at their respective late-night programs following the abrupt cancellation of CBS’ ‘The Late Show with Stephen Colbert’ in May 2026. In an interview with Puck News, Michaels revealed his surprise at the network’s decision, which it attributed to financial reasons, though some liberal critics have suggested political motivations might be at play. Michaels acknowledged the changing landscape of late-night television, noting that audiences are increasingly consuming content online rather than through traditional broadcasts. He also credited Fallon for creating content that can be easily watched at any time, which contributes to the show’s popularity despite declining TV ratings.
When asked about the possible political implications of CBS’ decision to cancel Colbert, Michaels admitted that the true motive might never be known. He pointed out that while some liberal critics have accused CBS of bowing to former President Donald Trump, the network has consistently maintained that the move was purely a financial one. Michaels also addressed the influence of Trump as a media figure, stating that his ability to hold an audience is a significant factor, regardless of political differences. He emphasized that political comedy would not necessarily become more difficult following the recent settlements involving Trump and major networks, as the issue of whether such content becomes harder to produce remains a topic of debate.
In addition to discussing the future of late-night television, Michaels hinted at potential changes to the cast of the upcoming 51st season of ‘Saturday Night Live,’ while confirming that James Austin Johnson will continue to impersonate Trump. He also confirmed that both Fallon and Meyers are secure in their positions at NBC, despite the fact that their contracts are set to expire in 2028. Michaels expressed his admiration for Comcast CEO Brian Roberts, suggesting that the company’s leadership would continue to support the network’s late-night programming. As the late-night landscape continues to evolve, Michaels’ comments provide insight into the ongoing challenges facing traditional television in an age where audiences are increasingly turning to online platforms for content.
The cancellation of Colbert’s show has sparked a wave of reactions from his liberal supporters, including several Democratic lawmakers, who have argued that the decision might have been influenced by the recent settlement between Paramount and Trump. However, Michaels dismissed these claims, instead emphasizing the financial realities behind the decision. He also noted that while Colbert’s show was losing over $40 million annually for CBS, the network remained committed to its daytime and primetime programming, which continues to be profitable. As the late-night world continues to shift, Michaels’ statements reflect the broader concerns and strategies of network executives navigating an evolving media landscape.