The network claimed it was “purely a financial decision.” “We consider Stephen Colbert irreplaceable and will retire ‘The Late Show’ franchise in May of 2026,” CBS executives’ statement read. “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.”

Jimmy Kimmel rents a West Hollywood billboard reading "I'm voting for Stephen" in support of Stephen Colbert's canceled Late Show, for Emmys campaign.