Jimmy Kimmel Slams ‘Nonsensical’ Reports Colbert Was Losing $40M a Year: ‘Not a Snowball’s Chance in Hell’

Zachary Leeman Aug 19th, 2025, 8:39 am

Stephen Colbert, left, and Jimmy Kimmel present the award for outstanding lead actress in a comedy series at the 71st Primetime Emmy Awards on Sunday, Sept. 22, 2019, at the Microsoft Theater in Los Angeles. (Photo by Chris Pizzello/Invision/AP)

Jimmy Kimmel isn’t buying into reports that Stephen Colbert’s was losing $40 million a year before it was given the ax by CBS.

In a Monday interview with Variety, Kimmel defended his fellow late-night host and said there’s not a “snowball’s chance in hell” Colbert was losing money hand over fist before cancellation.

Reports suggesting the show was losing money are not taking into account vari

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