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Iran strikes 85 U.S. military sites in the Gulf, sparking a global selloff in stocks and a spike in the price of oil

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Iran strikes 85 U.S. military sites in the Gulf, sparking a global selloff in stocks and a spike in the price of oil

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Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

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Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
Arts & EntertainmentStephen Colbert
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Stephen Colbert signs off after 11 years tonight. CBS cites finances, but the Late Show host blames Trump

By
Dave Lozo
Dave Lozo
and
Morning Brew
Morning Brew
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By
Dave Lozo
Dave Lozo
and
Morning Brew
Morning Brew
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May 21, 2026, 1:07 PM ET
Stephen Colbert will host The Late Show for the final time on May 21.
Stephen Colbert will host The Late Show for the final time on May 21.Getty Images—Scott Kowalchyk/CBS
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Lord of the Rings and Neutral Milk Hotel enthusiast Stephen Colbert will host The Late Show for the final time tonight, ending an 11-year run at CBS after the network canceled the show for what it said were “purely financial” reasons. But many—including Colbert—believe the cancellation came at the behest of President Trump, a frequent target of the comedian’s jokes and ridicule.

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The top-rated late-night show was informed of its fate last summer, shortly after CBS parent company Paramount settled a $20 billion lawsuit with Trump over its editing of a 60 Minutes interview with then-Democratic presidential candidate Kamala Harris. Colbert called the settlement a “big fat bribe.” Not long after, the FCC approved the Paramount-Skydance merger.

The future of late night: Network TV viewership has been down for everyone in the last decade, as younger audiences gravitate away from appointment TV viewing and toward online clips—something that networks have a hard time monetizing.

What’s next for Colbert? He is scripting a Lord of the Rings film for Warner Bros., a dream project for the longtime Tolkien nerd. He said he has no plans to get into politics, despite a mild endorsement from former President Barack Obama.

What’s next for the time slot? Starting tomorrow, CBS will air Comics Unleashed, a syndicated talk show hosted by businessman Byron Allen.—DL

This report was originally published by Morning Brew.

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