CBS has announced the cancellation of The Late Show with Stephen Colbert, after the show's more than 30-year run.

The president mocked Colbert for CBS' decision — and throws shots at Jimmy Kimmel and Jimmy Fallon while he's at it.

The show will be retired, and Colbert will not be replaced. New episodes will air until the end of the broadcast TV season in May 2026, a network statement said.

The 'Late Show' with Stephen Colbert is coming to an end after nearly a decade. CBS stated that the move is driven by budget concerns, not the show's content.

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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.