During a July 17 taping, Colbert announced the cancellation of The Late Show. Colbert, who took over from David Letterman as host in September 2015, said he was "grateful" for being given a chair and a "beautiful theater to call home," as well as his viewers from "all around the world."

"We’re in a time where the right price can silence the voice of free speech, which we should be very, very conscious of,” said Batiste.

The Grammy winner and former leader of The Late Show band gets back to his roots on new album, Big Money.