CBS will end "The Late Show with Stephen Colbert" and retire "The Late Show" franchise in May 2026, the company announced Thursday, calling it "purely a financial decision against a challenging backdrop in late night.

“Given Paramount’s recent capitulation to President Trump in the CBS News lawsuit, the Writers Guild of America has significant concerns that The Late Show’s cancelation is a bribe, sacrificing free speech to curry favor with the Trump Administration as the company looks for merger approval,” it noted (see full statement below).

Singer Noah Cyrus performed her new song "Way of the World" on The Late Show with Stephen Colbert Thursday. She wore a long black dress with long black gloves and performed in front of a garden arbor covered in apparent vines.

In a move commenters described as having "Craig Ferguson vibes," Stephen Colbert and Joaquin Phoenix spent the last moments of their Late Show interview in awkward silence.

The 34-year-old comedian was spotted outside "The Late Show With Stephen Colbert" with the new 'do on Tuesday.

Joaquin Phoenix says he regrets his 2009 interview with David Letterman on "The Late Show," calling it "one of the worst nights of my life."