The sudden cancelation of The Late Show with Stephen Colbert has come as a shock to everyone. But as one institution says goodbye, could Netflix introduce another?

"The Late Show" will run through May 2026. Host Stephen Colbert won't be replaced, the show will be canceled completely.

The news of "The Late Show's" cancellation by CBS doesn't just end a franchise that had, to this point, lasted more than 30 years. It looks like the beginning of the end of an entire category of television.