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Network CBS called it a financial decision tied to the "challenging backdrop in late night" TV.
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CBS "will be ending ‘The Late Show' in May," Colbert told his audience on Thursday. He kept the announcement brief and light.
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A new analysis shows that health insurance premiums for Obamacare are set to soar next year, as financial help that subsidized the cost expires. Congress is not likely to extend the subsidies.
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In voting for President Trump's cancellation of $9 billion in spending they had already approved, Republicans in Congress showed they were willing to cede their power of the purse.
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