New Delhi, July 18 -- CBS is axing "The Late Show With Stephen Colbert" in May 2026, the host told an audience at a taping Thursday.

The announcement came three days after Colbert spoke out against Paramount Global, parent company of CBS, settling with President Donald Trump over a "60 Minutes" story.

Colbert told the audience that he had learned the night before that "Next year will be our last season. The network will be ending the Late Show in May."

The audience responded with boos and groans and Colbert said, "Yeah, I share your feelings."

In his monologue on Monday night, he said he was "offended" by the $16 million settlement reached by Paramount, whose pending sale to Skydance Media needs the Trump administration's approval.

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