"Next year will be our last season,” the late-night talk show host announced Thursday, July 17. "The network will be ending 'The Late Show’ next May."

CBS also recently canceled host Taylor Tomlinson's “After Midnight,” which aired after “The Late Show.” The announcement came two days after Colbert spoke out against CBS Global settling with President Donald Trump over a “60 Minutes” story.

Colbert, 61, announced the news during the Thursday, July 17, episode taping of his late night show, saying, “Before we start the show I want to let you know something that I found out just last night. Next year will be our last season, the network [CBS] will be ending The Late Show in May.”