The Late Show with Stephen Colbert is on summer vacation, but not for much longer. The cancelled show is set to return from hiatus soon.

Late night talk shows in recent years haven't been quite as much of a staple of network television like in the days of David Letterman and Jay Leno, but CBS' move against "The Late Show with Stephen Colbert" will still come as a shock to many.

While receiving a TV Academy Hall of Fame award, Conan O’Brien offered some thoughts about the state of late-night television.