"We consider Stephen Colbert irreplaceable and will retire ‘THE LATE SHOW’ franchise at that time," CBS executives said in a joint statement. "We are proud that Stephen called CBS home. He and the broadcast will be remembered in the pantheon of greats that graced late night television.

TV’s ongoing problems with late night have come for Stephen Colbert, with CBS announcing Thursday that it plans to end his “Late Show” after the next TV season, citing a “financial decision.” The decision — which ends years of original late-night programming at CBS that started when the network lured David Letterman from NBC in

CBS announced Thursday that it was cancelling The Late Show with Stephen Colbert, citing a "financial decision" -- raising eyebrows as the news dropped just weeks after the network's parent company Paramount announced it had agreed to a $16 million settlement with President Donald Trump.