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.

Famed skydiver and BASE jumper Felix Baumgartner dies at 56 Baumgartner achieved international recognition in 2012 when he performed a jump from 24 miles above the Earth, higher than anyone before him. He died on Thursday in a paragliding accident.

“Before we start the show, I want to let you know something that I found out just last night. Next year will be our last season. The network will be ending the ‘Late Show’ in May,” Colbert said in the clip, as the audience booed. “And, yeah, I share your feelings. It’s not just the end of our show, but it’s the end of ‘The Late Show’ on CBS.”

The Late Show with Stephen Colbert' to end in May 2026 in a move sure to invite speculation that it's due to the impending Paramount-Skydance merger.