CBS SAID THEY LOST $40 MILLION A YEAR. KIMMEL ASKED ONE QUESTION THAT SHUT THAT DOWN. After Colbert’s final Late Show aired on May 21, Kimmel sat down with Vulture and said something most hosts wouldn’t dare. Late-night isn’t dying, he insisted. More people are watching than ever if you count online views with TV ratings. But here’s what kept nagging him — in 2023, CBS offered Colbert a five-year contract. He took three. Then two years later, they said the show was losing $40 million a year and pulled the plug. “Am I to believe that over the course of those two years, they suddenly started losing $40 million a year?” CBS canceled The Late Show in July 2025 — right as the Paramount-Skydance merger needed approval, right after years of Colbert going after Trump on air. Kimmel knows his own show is still profitable. But last December, he only signed a one-year deal instead of his usual multi-year extension. “In a lot of ways, I feel like I’m looking at my own future.” And then the line that stayed: “We’re not just dying of natural causes. We’re being poisoned.”
Jimmy Kimmel’s Question About CBS, Colbert, and Late-Night’s Future When Stephen Colbert aired his final Late Show episode on May…