Jimmy Kimmel Denies Colbert 'Late Show' Losing $40 Million Annually
Jimmy Kimmel has dismissed reports claiming Stephen Colbert's show was losing $40 million annually, criticizing the media's understanding of TV show finances. CBS announced the end of The Late Show with Colbert in 2026, citing financial reasons, amid speculation about political influences and industry dynamics. Trump publicly blamed Colbert's alleged lack of talent for his show's losses and predicted further late-night cancellations, prompting Kimmel to jokingly suggest he might be next.