As Stephen Colbert signs off May 21, his exit closes a 33-year CBS franchise—and marks the end of one late-night era built on ritual, the desk and the band

TOI correspondent from Washington: American late-night television, that unique, risque institution where presidents are mocked, celebrities flattered and the audience applauds on…

Stephen Colbert is going out with a smile, and with many jokes at CBS and its parent company Paramount’s expense.