The One Big Reason YouTube Will Never Replace Stephen Colbert May 22, 2026, 5:02 a.m. ET Credit...David Huang Mr. Hirschorn, the chief executive of Ish Entertainment, writes about the intersection of culture and politics. The final episode of “The Late Show With Stephen Colbert,” which aired Thursday night, was indeed the end of an era, but not just the era in which late-night network talk shows held a pre-eminent position in the entertainment landscape.