Jimmy Kimmel blasts ‘nonsensical’ reports about Stephen Colbert’s show losing $40 million a year
Jimmy Kimmel sets record straight on Stephen Colbert’s show cancellation
- Jimmy Kimmel has defended fellow late-night host Stephen Colbert against "nonsensical" claims that The Late Show was costing CBS millions annually.
- Kimmel argued that alleged financial analyses overlook significant revenue streams like affiliate fees, making the reported $40 million annual loss inaccurate.
- He asserted that while network television is declining, late-night television itself is thriving, with strong viewership on streaming platforms and social media.
- Despite CBS citing a "financial decision" for cancelling The Late Show, Kimmel believes the show's financial health is misunderstood by the media.
- Kimmel announced his intention to vote for Stephen Colbert to win the Emmy for Outstanding Talk Series, viewing it as a supportive statement following the show's cancellation.