Byron Allen may have the last laugh when it comes to late-night television on CBS. As the network exits the world of late-night with the cancellation of The Late Show with Stephen Colbert, which is ending in May,

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

Fox News host Greg Gutfeld is the ratings king of late night with 3.1 million average viewers, despite what Stephen Colbert may be telling his audience.

On a recent episode of SiriusXM’s Andy Cohen Live, the Watch What Happens Live host cast doubt on the network’s purported financial motivation in a new way. Citing Matt Belloni’s claim on Puck News that The Late Show was losing more than $40 million a year for CBS,

For one night only, Bad Bunny will appear as a guest on 'The Late Show With Stephen Colbert,' followed by 'Late Night With Seth Meyers'

Stephen Colbert labeled himself a “martyr” for getting his flailing late-night CBS show canned — while telling  President Trump on-air to “go f–k yourself.”

The surprise cancellation of The Late Show is just the latest blow to the genre.