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Stephen Colbert Ends CBS Late Show Run After 33 Years

CBS will conclude its Late Show franchise this week after 33 years. The program featured interviews with political figures and entertainers. Ad revenue declined from $121 million in 2018 to $70 million last year.

Washington Examiner
1 source·May 19, 5:36 PM(10 days ago)·1m read
Stephen Colbert Ends CBS Late Show Run After 33 Yearshollywoodreporter.com
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CBS will end its Late Show franchise this week after 33 years on air. The program featured interviews with political figures and entertainers during its run. The network reported annual losses of approximately $40 million in recent years. Ad revenue fell to $70 million last year from $121 million in 2018. The host earned between $15 million and $20 million annually.

Guest Appearances The show hosted Sen.

Bernie Sanders 22 times, the most frequent politician guest in late-night history. Other guests included Rep. Alexandria Ocasio-Cortez, former Rep. Cori Bush, and New York City Mayor Zohran Mamdani. Former Reps. Liz Cheney and Adam Kinzinger also appeared. By one measure, 99 percent of political guests leaned left or identified as Democrats.

Carson stated in a 1979 interview that entertainers should avoid using their platform to sway viewers on political issues. Podcasts now reach larger audiences at lower production costs than traditional late-night programs. The Late Show maintained a format centered on celebrity interviews and political commentary.

Key Facts

33 years
Length of CBS Late Show franchise run
$40 million
Approximate annual operating loss reported
22 appearances
Number of times Sen. Bernie Sanders appeared as guest
99 percent
Share of political guests who leaned left or Democratic

Story Timeline

4 events
  1. 1979

    Johnny Carson discussed avoiding political commentary on The Tonight Show.

    1 sourceWashington Examiner
  2. 2015

    Stephen Colbert began hosting The Late Show on CBS.

    1 sourceWashington Examiner
  3. 2025

    The Late Show recorded $70 million in ad revenue, down from $121 million in 2018.

    1 sourceWashington Examiner
  4. This week

    CBS will conclude the Late Show franchise after 33 years.

    1 sourceWashington Examiner

Potential Impact

  1. 01

    CBS will no longer produce the Late Show after this week.

  2. 02

    Production staff will transition to other projects or roles.

  3. 03

    Podcast platforms may gain additional late-night audience share.

Transparency Panel

Sources cross-referenced1
Confidence score65%
Synthesized bySubstrate AI
Word count168 words
PublishedMay 19, 2026, 5:36 PM
Bias signals removed3 across 2 outlets
Signal Breakdown
Loaded 3

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