 The last one was in 1995–96 and featured Montel Williams as host.In 1996, Disney pulled out of producing the program (and several other CBS holiday specials) when it bought ABC, and CBS decided to discontinue its New Year's coverage.Since then, reruns of the "Late Show" have aired in the show's time slot, although a first-run episode, with live coverage of Times Square's countdown to midnight, aired on December 31, 1998.