Jimmy Fallon Supports Stephen Colbert Amid ‘Late Show’ Cancelation

On July 17, CBS stunned the entertainment industry by announcing that “The Late Show” with Stephen Colbert will officially end in 2026. The network, citing financial reasons, will become the first major broadcaster to exit the late-night space. This comes after viewership trends continue to shift toward streaming.

The news sent shockwaves through the comedy world, leaving both fans and fellow hosts rattled—none more so than Jimmy Fallon, who addressed the cancellation on his Instagram Stories.

“I’m Just as Shocked as Everyone,” Says Fallon

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Fallon, host of NBC’s “The Tonight Show”, shared his candid reaction to Colbert’s exit. “I’m just as shocked as everyone,” Fallon wrote on Instagram. “Stephen is one of the sharpest, funniest hosts to ever do it. I really thought I’d ride this out with him for years to come. I’m sad that my family and friends will need a new show to watch every night at 11:30.”

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He continued by honoring Colbert’s character and career: “But honestly, he’s really been a gentleman and a true friend over the years – going back to The Colbert Report. I’m sure whatever he does next will be just as brilliant.”

What’s Next for Stephen Colbert?

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While “The Late Show” is set to run through May 2026, fans are already speculating about Colbert’s next chapter.

With Jon Stewart’s return to “The Daily Show” setting a precedent, some are wondering if Colbert could bring back The Colbert Report, the satirical series that cemented his status as a late-night icon.

Adding fuel to the speculation, Colbert will reunite with his Strangers With Candy co-stars Amy Sedaris & Paul Dinello this November at the New York Comedy Festival to mark the show’s 25th anniversary. A reboot isn’t off the table.

Is “The Daily Show” next to face the chopping block?

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Jon Stewart addressed the speculation that his late-night Comedy Central talk show might be canceled as the network’s parent company, Paramount Global, prepares to merge with Skydance Media.

“Boy, that’s a good question,” Stewart, 62, said during “The Weekly Show” podcast on Thursday, July 17. “Unfortunately, we haven’t heard anything from them. They haven’t called me and said like, ‘Don’t get too comfortable in that office, Stewart!’”“But let me tell you something: I’ve been kicked out of s—-ier establishments than that,” he added. “We’ll land on our feet.”

However, Stewart also noted that the show could avoid potential cancellation because it is one of Comedy Central’s most popular programs.

For now, you can stream the two-time Emmy-nominated “The Late Show” now on CBS or Paramount+.

You can also watch “The Tonight Show Starring Jimmy Fallon” on NBC or Peacock, and stream “The Daily Show” on Comedy Central or Paramount+.

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