When Paramount listed its slate of highly rated TV shows during its last earnings report, including "Tracker," the top rated series and "Matlock," the highest rated new series, it also listed Colbert's "The Late Show" as the highest rated broadcast late night show. "The Daily Show," also from Paramount, was the top late night show on cable TV.

The curtain is falling on Stephen Colbert's decade-long tenure as host of "The Late Show" - sparking a divide in public opinion, according to new polling. On July 17, CBS News announced it will cancel "The Late Show With Stephen Colbert" in May 2026,