You may have heard the news Stephen Colbert got canceled. But this isn't about mediocre ratings as you may have guessed. In fact, Colbert's ratings have been fine! No, this is a WAY messier situation... Colbert made it clear when he announced the end of The Late Show during Thursday's taping that it was the network's decision and not his: "The network will be ending our show in May... It's not just the end of our show, but it's the end of The Late Show on CBS. I'm not being replaced. This is all just going away." It's a sad statement... but it's more than that.