Jimmy Kimmel Addresses Rumors and Controversy Surrounding The Late Show With Stephen Colbert's Cancellation

Jimmy Kimmel Addresses Rumors and Controversy Surrounding The Late Show With Stephen Colbert's Cancellation

Jimmy Kimmel recently addressed rumors about The Late Show With Stephen Colbert facing financial difficulties before its cancellation. Kimmel dismissed reports of the show losing $40 million a year as nonsensical, emphasizing the importance of affiliate fees in the media industry. He also reflected on his own show's financial challenges despite having more viewers in the past.

CBS surprised viewers by announcing the end of The Late Show in May 2026, citing financial reasons unrelated to the show's performance. Speculation arose about President Donald Trump's influence on the cancellation due to Colbert's criticism of his administration. However, Trump denied any involvement and attributed the decision to Colbert's alleged lack of talent and financial losses for CBS.

Trump's comments sparked a back-and-forth with Kimmel, who responded to the criticism on social media. Despite the controversy, The Late Show With Stephen Colbert is set to return on September 2, maintaining its late-night slot on CBS.