CBS is canceling “The Late Show With Stephen Colbert” next May, shuttering a decades-old TV institution and removing from air one of President Donald Trump's most prominent late-night critics.

After more than three decades on air, CBS announced on Thursday that its famed "Late Show" franchise is coming to a close. "The Late Show with Stephen Colbert" will officially come to an end in May 2026, according to the network, which said the decision to end the show was a financial one.