The Colbert Cancellation: A Cautionary Tale for Late Night TV Stephen Colbert's time as host of The Late Show may soon come to an end.
But his impact on the industry will likely outlast his tenure, thanks in part to a "Fired & Festive" dress code for his final show.
Colbert's decision to cancel The Late Show after 11 seasons was met with surprise from many quarters, with CBS citing financial reasons as the sole motivator.