David Letterman Sends Stephen Colbert Off ‘The Late Show’ in Style — By Destroying CBS Property

May 14, 2026 9:29pm PT David Letterman Sends Stephen Colbert Off ‘The Late Show’ in Style — By Destroying CBS Property

By Marlow Stern

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Marlow Stern

Chief Correspondent

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Stephen Colbert’s 11-year run as host of “The Late Show” will end on May 21. That its untimely end was announced mere weeks before the Trump-loyalist Ellison family finalized their CBS-Paramount takeover led many to believe it was a move to appease Trump, while the network claimed Colbert’s late-night program was losing around $40 million a year — a figure that led friendly rival Jimmy Kimmel to quip, “Not a snowball’s chance in hell that’s accurate.”

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