CBS has confirmed that 'The Late Show with Stephen Colbert' will air its last episode on May 21, 2026, concluding not only Colbert's 11-year run but also the entire Late Show franchise that began in 1993. The franchise was launched by David Letterman, who transformed late-night television with his unique style, paving the way for future hosts, including Colbert. Under Colbert, the show became a leading force in late-night TV, known for its blend of celebrity interviews and political commentary. CBS announced in 2025 that it would retire the franchise due to financial pressures and changing viewer habits, with audiences increasingly turning to streaming platforms and social media. Colbert emphasized that there will be no successor to his role, as the Late Show brand will be completely phased out. The farewell episodes will feature prominent guests such as David Letterman and Tom Hanks, celebrating the legacy of late-night television. Following Colbert's departure, the 11:35 p.m. slot will be taken over by 'Comics Unleashed with Byron Allen'.