Overview
- On March 5, Jimmy Fallon made his first full sit-down visit to The Late Show, presenting Stephen Colbert with a commissioned painting of Colbert and his dog Benny.
- Fallon performed a customized rendition of Frank Sinatra's “My Way,” including lines about President Trump wanting Colbert off the air and a quip that late night is now down to “two Jimmys,” before the pair stood on Colbert’s desk for a hug.
- The show later posted extended and behind-the-scenes video featuring a spontaneous national anthem bit, dueling Johnny Carson impressions, and jokes about the Ed Sullivan Theater becoming a Spirit Halloween and a mock “Kid Rock–My Pillow Guy NewsHour.”
- CBS has set The Late Show’s final episode for May 21, 2026 and maintains the decision to retire the franchise is purely financial and unrelated to performance or content.
- Coverage continues to note public theories about political or corporate influence, citing a reported $16 million Paramount settlement with Trump and his celebratory Truth Social post after the cancellation.