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CBS is pushing back on a report that its news division is losing a staggering $50 million annually, insisting the unit remains profitable.

"A published report that CBS News is losing 'around $50 million a year' is inaccurate. In fact, the division is currently profitable," a CBS spokesperson told Fox News Digital .

Puck News reported on Wednesday that CBS News is losing "around $50 million a year," citing "two sources familiar with the news division’s finances." The claim came just weeks after reports that CBS’ "The Late Show with Stephen Colbert" was losing $40 million a year amid its announced cancellation.

However, Puck’s Dylan Byers took to social media on Thursday with an update, noting CBS pushed back and suggesting

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