Oprah and Stephen Colbert swap seats in emotional moment as 'Late Show' cancellation looms large

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. Oprah Winfrey thanked late-night host Stephen Colbert from his chair during "The Late Show" on Tuesday for "holding the space for laughter" ahead of the show's end. Oprah Winfrey gave an emotional "thank you" to Stephen Colbert Tuesday as the pair switched seats during her appearance on "The Late Show" and the late-night host faced questions about his tenure as host. "Well, I just want to say to you, thank you so much," Winfrey said, sitting in Colbert's chair. "Thank you so much for holding the space for laughter. Has he not held the space for laughter for us in our lives and been there for us?" Colbert's show was canceled by CBS in 2025 and will officially end at the end of its season in mid-May. The audience then broke out into a "Stephen" chant, as Winfrey joined in. Stephen Colbert and Oprah Winfrey reverse roles on "The Late Show" on Tuesday, A