Stephen Colbert will reportedly stay in the world of late night television amid the cancellation of The Late Show. Colbert, 61, has signed on as a guest star in the CBS series Elsbeth, on which he will portray a late night talk show host,

Stephen Colbert's announcement that 'The Late Show' has been canceled after 10 seasons sent shockwaves through Hollywood, and fellow late night hosts, Jimmy Kimmel and Jimmy Fallon, expressed their disappointment in the news.