Credit: The Late Show with Stephen Colbert When we started the Late Show in 1993, we had the same goals everyone doing talk shows has: make people laugh and never threaten a corporate merger. If Colbert had been #1 and nominated for an Emmy two days prior none of this would have happened.

John Oliver has weighed in on CBS' cancellation of "The Late Show With Stephen Colbert," calling it "terrible news for the world of comedy."

Stephen Colbert's Late Show will end in May 2026 as CBS faces financial concerns, while politicians like Bernie Sanders question if the cancellation relates to Trump criticism.

Former Late Show EP Rob Burnett tapped into his comedy writer background when he was asked about CBS' decision to ax the late-night franchise.

Stephen Colbert, left, joins host David Letterman on the set of "Late Show with David Letterman," April 22, 2014, in New York. Jeffery R. Staab/AP Photo April 23, 2014 — -- Stephen Colbert ...

CBS said it planned to cancel Stephen Colbert's Late Show after next season, citing the weakening finances of late night

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.”

Joaquin Phoenix says he regrets his infamous interview with David Letterman, in which he remained in character for the entire, awkward conversation.