Network late-night shows have been losing viewers for years, but Colbert‘s program is primed for a ratings bump right now.

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Stephen Colbert announced at the Thursday evening taping of "The Late Show with Stephen Colbert" that his show would be canceled at the end of the season.

It’s the end of an era, because The Late Show with Stephen Colbert on CBS has ben canceled. And to be clear, no, Stephen’s not being replaced—the entire late night show has been axed.