The Late Show with Stephen Colbert officially won the war against CBS with its major milestone achievement at the 2025 Emmys. Colbert took over as the host of The Late Show in 2015 after David Letterman retired. Previously, Colbert was known for his work on The Daily Show and his satirical late-night show, The Colbert Report. He will have hosted The Late Show for 11 years.

Tragically, CBS has opted to cancel The Late Show franchise entirely in 2026. The network claimed their decision was financial, but something didn't add up. The Late Show was the most-watched late-night program on network TV. It seemed unlikely the show wasn't making money.

Even fellow late-night host Jimmy Kimmel expressed skepticism that The Late Show could be losing $40 million. CBS' decision

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