Jimmy Kimmel didn't mince words in his response to CBS canceling "Late Night with Stephen Colbert." Here's how Hollywood is reacting.

CBS will end "The Late Show with Stephen Colbert" and retire "The Late Show" franchise in May 2026, the company announced Thursday.

CBS’ decision to cut ties with Stephen Colbert and its decades-old “Late Show” franchise come next May will leave a major hole in the format — but one that has been widening. TV networks have been cutting costs at their late-night mainstays for the past few years.

And it's not just him who's leaving. "This is all just going away," the comedian, 61, told his appalled audience, explaining that he's not being replaced, but the show will air its final episode in May.

Stephen Colbert riffed Paramount Global’s $16 million settlement of Donald Trump’s lawsuit, calling the payment a “big fat bribe” and joking about the prospects that new owner Skydance will try pressure him to back off from humor directed at the president.