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Jimmy Kimmel has firmly rejected claims that Stephen Colbert's "Late Show" was losing CBS $40 million a year, describing the idea as ridiculous

Brandi Carlile, Charlie Puth, Coco Jones to Perform at Super Bowl LX Pregame

Indonesia’s Massive Music Sets AI-Powered Music Licensing and Curating Search Engine

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Radiohead Beats Metallica to Set New Attendance Record at London’s O2

Jimmy Kimmel has firmly rejected claims that Stephen Colbert's "Late Show" was losing CBS $40 million a year, describing the idea as ridiculous

He shared these thoughts in a Variety interview originally centered on his Emmy nominations for his talk show and game show roles. This came just as CBS ended Colbert’s show, a move some linked to the FCC’s approval of the Paramount and Skydance merger, suggesting political factors may have played a part. Kimmel, clearly frustrated by what he sees as persistent misunderstandings about television finances, turned the conversation into a wider defense of late-night programming. He pointed out that although traditional network viewership has declined, total audience numbers are rising when digital outlets like YouTube are included. It’s interesting how media discussions sometimes miss the broader shifts in how people engage with content today. Kimmel emphasized that affiliate fees provide a steady income, making it hard to believe a program like Colbert’s could be draining such enormous sums. He also spoke fondly of his bond with Colbert, which grew stronger during the writers’ strike, and expressed hope that Colbert would take home an Emmy as a sign of support from their peers. Kimmel recalled a funny near-crisis over dinner with Matt Damon involving a close call with choking. Looking back on his own unexpected journey, he mentioned beginning in Las Vegas radio before moving to television, where he won an Emmy and famously handed the award to Susan Lucci to honor her years of waiting for recognition. Wrapping up, Kimmel addressed free speech, sharing worries about what he perceives as a decreasing willingness to protect open conversation across political divides. He stays positive about the future of late-night TV, seeing it as evolving rather than fading. The edited interview ended with a note about the Emmys airing soon on CBS and Paramount+.

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