Colbert told shocked audience he only found out the night before, as CBS announced it will end the entire Late Show franchise after 33 years

The Late Show with Stephen Colbert has been cancelled and will end in May, with network CBS announcing it will retire the Late Show entirely after a 33-year run.

Colbert, who has hosted the talk show since 2015, announced the news during Thursday night’s taping, telling the audience he had only been told the news the previous night.