Stephen Colbert has announced that CBS is cancelling The Late Show after a 33-year run next May. Colbert shared the news with his audience Thursday at New York's Ed Sullivan Theater, saying he learned Wednesday night that after a decade on air, "next year will be our last season.""The network will be ending The Late Show in May," Colbert said as the crowd erupted in boos. "Yeah, I share your feelings. It's not just the end of our show but it's the end of The Late Show on CBS."The 61-year-old comic said he is not being replaced as host and said the entire show "is just going away.""I do want to say that the folks at CBS have been great partners. I'm so grateful to the Tiffany Network for giving me this chair and this beautiful theatre to call home," Colbert said. "And of course I'm grateful to you, the audience, who have joined us every night in here, out there, all around the world, Mr. and Mrs. America and all the ships at sea." Story continues below advertisement Colbert said he is also grateful to share the stage with The Late Show's band and said he's "extraordinarily, deeply grateful to the 200 people who work here.""We get to do this show for each other every day, all day. And I've had the pleasure and responsibility of sharing what we do every day with you in front of this camera for the last 10 years," he added."And let me tell you, it is a fantastic job. I wish somebody else was getting it and it's a job that I'm looking forward to doing with this usual gang of idiots for another 10 months. It's going to be fun." View this post on InstagramA post shared by The Late Show (@colbertlateshow) Story continues below advertisement George Cheeks, Amy Reisenbach and David Stapf, three top Paramount and CBS executives, praised Colbert's show as "a staple of the nation's zeitgeist" in a statement that said the cancellation "is purely a financial decision against a challenging backdrop in late night. It is not related in any way to the show's performance, content or other matters happening at Paramount." Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy. "Our admiration, affection, and respect for the talents of Stephen Colbert and his incredible team made this agonizing decision even more difficult," the statement continued. "With much gratitude, we look forward to honoring Stephen and celebrating the show over the next 10 months alongside its millions of fans and viewers."Many celebrities took to the comment section to celebrate the show and the host after Colbert announced the news of the show's cancellation."The greatest to ever do it," Jon Batiste, the former bandleader for The Late Show, wrote."My admiration and appreciation for you is bottomless. Excited to see what other brilliance you put into the world," director Judd Apatow wrote."I am so upset about this. I need more information. We love you," journalist Katie Couric added."I am extremely sad. I adore you, Stephen," actor Rachel Zegler wrote. Trending Now N.S. missing kids: Pink blanket belonging to Lilly being examined, RCMP say Trump diagnosed with chronic venous insufficiency, White House says 0:30 Harris calls Trump a 'loser' during interview with Stephen Colbert Harris calls Trump a 'loser' during interview with Stephen Colbert Conservatives slam Trudeau's 'Late Night with Stephen Colbert' remarks on lumber Trudeau tells Colbert: 'Canada's the best country in the world' Stephen Colbert 'spills the tea' on latest Kate Middleton rumours Previous Video Next Video Story continues below advertisement Colbert took over The Late Show in 2015 after becoming a big name in comedy and news satire working with Jon Stewart on The Daily Show and hosting The Colbert Report.

The most recent ratings from Nielsen show Colbert gaining viewers so far this year and winning his timeslot among broadcasters, with about 2.417 million viewers across 41 new episodes. On Tuesday, Colbert's Late Show landed its sixth nomination for a Primetime Emmy Award for outstanding talk show. It won a Peabody Award in 2021. More on Entertainment More videos Denise Richards accuses estranged husband of domestic violence Suspect in killing of 'American Idol' music supervisor charged with murder Manitoba to spend $2M on upgrades to Spruce Woods Provincial Park Magic of 'The Lion King' comes to life at the Jubilee Auditorium Arnold Goes to Events: BC Lions practice Sloan rocks thousands with return to Peterborough Musicfest 41st Taste of Edmonton underway in the downtown core Red solo cup confessions: Meghan Patrick spills on Schitt's Creek, Kid Rock and famous friends in her phonebook David Letterman began hosting The Late Show in 1993. When Colbert took over, he welcomed musicians, movie stars and politicians to his couch.

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