CBS has cancelled The Late Show and announced Stephen Colbert will serve as final host until May 2026 days after he called out his parent company's "bribe."

Paramount, the network’s parent, recently agreed to pay President Trump $16 million to settle his lawsuit over the editing of an interview on the CBS News program “60 Minutes.”

Colbert confirmed the cancellation during a show taping on Thursday. CBS said the move was "purely a financial decision against a challenging backdrop in late night."