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CBS recently decided to cancel "After Midnight," a late-night show that followed Stephen Colbert's "The Late Show," citing falling ratings as the primary reason. Rather than replace this time slot with a new program, CBS has opted to reduce the hours of late-night broadcasting altogether. This decision signals a broader shift in late-night content that long has been dominated by hosts like Colbert, Fallon, and Kimmel, who are now grappling with significant drops in their audience numbers.