The state of late-night TV is keeping media executives from sleeping well. CBS’ decision to cut ties with Stephen Colbert and its decades-old “Late Show” franchise come next May will leave a major hole in the format — but one that has been widening.

President Donald Trump was gleeful over Stephen Colbert's cancellation, saying his "talent was even less than his ratings" on Truth Social.

CBS has claimed that the cancellation of Trump-bashing show was a ‘financial decision’ despite timing of merger

CBS just dropped a bombshell that left even seasoned media watchers slack‑jawed: The Late Show is ending. Not a host

Stephen Colbert returned from vacation loaded for bear. The CBS late-night comic referred to the settlement between his parent company, Paramount Global, and President Donald Trump over a “60 Minutes” interview as a “big,

CBS’ cancelation of its long-running The Late Show franchise, hosted by Stephen Colbert for the last decade, has left not only the public heartbroken and outraged, but Hollywood as well. Colbert, 61, who’s fronted the talk show since taking over from David Letterman in 2015, shared the network’s decision during Thursday’s broadcast.