CBS’ venerable late-night franchise The Late Show will probably be signing off after greater than three a long time.

In a shocking improvement, the community introduced Thursday that The Late Show With Stephen Colbert will end subsequent 12 months, and stated the choice was a “purely monetary” one.

“The Late Show With Stephen Colbert will end its historic run in Could 2026 on the end of the printed season,” CBS stated in a press release. “We think about Stephen Colbert irreplaceable and can retire The Late Show franchise at the moment. We’re proud that Stephen known as CBS dwelling. He and the printed will probably be remembered in the pantheon of greats that graced late evening tv.”

The assertion continued, “That is purely a monetary choice towards a difficult backdrop in late evening. It isn’t associated in any approach to the present’s efficiency, content material or different issues taking place at Paramount.”

Colbert changed David Letterman, who had retired from the present, and formally took over in September 2015. Colbert addressed the cancellation throughout Thursday’s taping of The Late Show on the Ed Sullivan Theater in New York. Watch him ship the information above.

It is a growing story and will probably be up to date…