Since Stephen Colbert announced that the "Late Show" was canceled, viewers and industry insiders alike have been quick to offer dueling explanations.

Jimmy Kimmel gave a salute to “The Late Show With Stephen Colbert” — and blasted rival network CBS — on Thursday evening, hours after CBS announced that it is canceling Colbert’s series in May 2026 and retiring the “Late Show” brand. “Love you Stephen,” Kimmel wrote on his Instagram story, captioning a clip of Colbert’s …

Jon Stewart is questioning whether CBS's decision to cancel Stephen Colbert's late-night show was purely financial.