CBS will end "The Late Show with Stephen Colbert" and retire "The Late Show" franchise in May 2026, the company announced Thursday.

David Rhodes, Sky News executive chairman and former CBS News head, is in talks to run CBS News again if the Skydance acquisition of the broadcaster's owner Paramount Global closes, digital news website Puck reported on Friday.

President Donald Trump gleefully announced on Tuesday that Paramount had paid its $16 million settlement—while confirming that he expected millions more in a side deal. “BREAKING NEWS! We have just achieved a BIG AND IMPORTANT WIN in our Historic Lawsuit against 60 Minutes,

Paramount Global said Tuesday that the entertainment and media company is cutting 3.5% of its workforce, citing challenges in the broader U.S. economy and in the linear television business.

Show” star Jimmy Fallon quipped he may be the next late-night host to get canned as he blasted CBS for pulling the plug on Stephen Colbert. “I am your host. Well, at least for tonight,” Fallon said during Monday’s monologue.

Colbert savaged CBS parent company Paramount’s attempt to spin the cancellation of his show as due to financial losses with a pointed Trump settlement jibe. The post Stephen Colbert Savages CBS for Late Show ‘Financial Losses’ Spin: ‘Where Would Paramount Have Possibly Spent the Other $16M?

Days after its first elimination of the season, a hit CBS reality TV show is climbing the Paramount Plus chart, proving it still has what it takes.