Late-night TV has been a staple of the medium for decades, but in recent months, we’ve seen all of late-night TV undergo some significant upheaval, from the cancellation of The Late Show with Stephen Colbert to the suspension of Jimmy Kimmel. A great deal has been made over how much late-night shows are allegedly losing, but Kimmel is clapping back at the numbers.
When CBS announced the cancellation of The Late Show, it argued that the decision was purely a financial one, as the show had been losing money for the network. Some reports claim that the show was losing as much as $40 million or more in a year, but in a recent appearance at the Bloomberg Screentime Conference, Jimmy Kimmel said there’s no way the show was losing that much. He explained:
