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The Late Show with Stephen Colbert will end in May 2026 after 33 years on air, the CBS television network announced in a surprise statement on Thursday.
CBS said the move "is purely a financial decision against a challenging backdrop in late night [television]," and "is not related in any way to the show's performance, content or other matters".
Colbert broke the news at a taping of the show, earlier on Thursday evening, triggering a chorus of boos from the live studio audience.
The move brings a close to the more than three-decade old programme, leaving the network without a late-night comedy talk show for the first time since 1993.
Colbert, who took over the CBS programme from David Letterman in 2015, has become one of President Trump's staunchest critics on late-night TV.