"Next year will be our last season,” the late-night talk show host announced Thursday, July 17. "The network will be ending 'The Late Show’ next May."

In a shocking move, CBS is ending “The Late Show with Stephen Colbert” next year, and apparently exiting the late-night television business altogether. The network, citing financial pressures,

"The Late Show with Stephen Colbert" will broadcast its final show next May, CBS said Thursday. The network, which has aired "The Late Show" with Colbert as its host since 2015, said it is ending the franchise after a "historic run.