Jimmy Kimmel Calls Out Claims About The Late Show Losing Millions A Year: ‘They Don’t Know What They’re Talking About'

The cancellation of The Late Show with Stephen Colbert has sent shockwaves throughout the TV industry, as many have discussed what it indicates about the future of late night. On a more micro scale, many have expressed disapproval of CBS' decision to axe the long-running program. The network attributed the move to “financial” reasons and, since then, it’s been alleged that Colbert’s talk show has been losing millions of dollars a year. Now, Jimmy Kimmel is sharing his two cents about the monetary-related chatter.

Per sources, the purported financial problems that The Late Show has been experiencing are due to diminishing advertising revenue. It was reported by CNN that the late-night talk shows across all the major networks brought in $220 million, which is significantly less