Stephen Colbert is livid about CBS axing his Late Show – and as the huffy host stares down the May 2026 end of his TV reign, he's secretly aiming to deliver as much payback as possible on his way out the door, RadarOnline.com can reveal.

Colbert, 61, announced the cancellation himself in front of his show's audience on the July 21 broadcast and joked that bosses kicked him to the curb because of his now-shaved mustache.

"This is worse than fascism. This is 'stache-ism," the funnyman quipped. Article continues below advertisement

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An insider said: "He can joke about it all he wants, but that doesn't take away [the fact that] he's losing millions. It's going to hit him

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