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

When Paramount listed its slate of highly rated TV shows during its last earnings report, including "Tracker," the top rated series and "Matlock," the highest rated new series, it also listed Colbert's "The Late Show" as the highest rated broadcast late night show. "The Daily Show," also from Paramount, was the top late night show on cable TV.