On Thursday, Colbert shocked his studio audience, social media and Hollywood with the news that the long-running late night talk show will end in May. Colbert, who has hosted “The Late Show” since taking over from David Letterman 10 years ago,

Late-night talk shows have been a staple of the American Entertainment Industry for decades, with veteran hosts such as Stephen Colbert, Jay Leno, and many others.

Colbert, 61, announced the news during the Thursday, July 17, episode taping of his late night show, saying, “Before we start the show I want to let you know something that I found out just last night. Next year will be our last season, the network [CBS] will be ending The Late Show in May.”