Late-night icon David Letterman said CBS ended "The Late Show with Stephen Colbert" over costs, knocking the network for not wanting to "spend any money."

Late-night legend David Letterman had some choice words to describe Stephen Colbert’s replacement on CBS. Letterman, 79, said during a conversation with Barbara Gaines and Mary Barclay on his podcast on Friday that the network’s decision to replace The Late Show with Stephen Colbert with Byron Allen’s Comics Unleashed during the late-night time slot is a financial one.

David Letterman, who hosted The Late Show for nearly two decades before Stephen Colbert, recently spoke out about the latter’s exit from the network this year. CBS is replacing The Late Show with

Letterman previously hosted 'The Late Show' from 1993 to 2015, when Colbert took over

David Letterman said the main reason Byron Allen is taking over Stephen Colbert's late-night time slot at CBS comes down to money. While speaking with Barbara Gaines and Mary Barclay on his podcast Friday,

The comedian hosted the long-running late night talk show for more than two decades before Stephen Colbert took it over in 2015.

'They don't want to spend any money.'

David Letterman has weighed in on CBS’ decision to replace “The Late Show” franchise after 33 years with Byron Allen’s comedy talk show “Comics Unleashed.” The network confirmed the change earlier this month.

David Letterman recently shared his stance on The Late Show with Stephen Colbert being replaced by Byron Allen’s comedy talk show, Comics Unleashed. He reflected on how the network wants to reduce spending and increase revenue.

When CBS announced last July that not only Colbert's iteration of The Late Show would end come May 2026 but the entire franchise as well, Letterman responded by posting a 20-minute montage on his YouTube channel of all the times he mocked CBS while hosting the late-night show. The caption for the video read: "You can’t spell CBS without BS."

David Letterman is sharing his thoughts on CBS replacing The Late Show with Stephen Colbert with Byron Allen’s Comics Unleashed. The eye network unveiled its plans for its late-night schedule when Colbert signs off in May.