Kimmel Slams Reports Colbert Show Was Losing $40 Million a Year

Jimmy Kimmel has spoken out in support of fellow late-night host Stephen Colbert, pushing back against what he called “nonsensical” claims that Colbert’s Late Show was draining CBS financially.

The comments follow CBS’s much-debated move to cancel “The Late Show,” amid reports suggesting the show was costing the network around $40 million annually.

Kimmel dismissed those reports, telling Variety he considered them “beyond nonsensical.”