The end of the 'Late Show' franchise is a major blow for a once-beloved TV format, which has lost relevance and advertising dollars.

The late night host looks ahead to the next 10 months, assuring his crew and studio audience, "It's going to be fun."

Stephen Colbert was receiving messages of support and affection from his fellow late-night hosts after announcing that CBS was canceling his show, “The Late Show With Stephen Colbert,” next May.