Joe.My.God. LGBT News
“I just want to say that the idea that Stephen Colbert‘s show was losing $40 million a year is beyond nonsensical. These alleged insiders who supposedly analyze the budgets of the shows — I don’t know who they are, but I do know they don’t know what they’re talking about. They seem to only be focused on advertising revenue and have completely forgotten about affiliate fees, which number in the hundreds of millions — probably in total billions — and you must allocate a certain percentage of those fees to late-night shows.
“It really is surprising how little the media seems to know about how the media works. There’s just not a snowball’s chance in hell that that’s anywhere near accurate. Even that — that’s all you need to know. Suddenly he’s losing $40 million a year? I will tell you, the first 10 years I did the show, they claimed we weren’t making any money — and we had five times as many viewers on ABC as we do now. Who knows what’s true? All I know is they keep paying us — and that’s kind of all you need to know.” – Jimmy Kimmel, speaking to Variety.
Jimmy Kimmel refuses to believe Stephen Colbert’s “The Late Show” was canceled for losing $40 million per year: “Beyond nonsensical.”
“These alleged insiders who supposedly analyze the budgets of the shows — I don’t know who they are, but I do know they don’t know what they’re… pic.twitter.com/En62yWtI2V
— Variety (@Variety) August 18, 2025