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Jimmy Kimmel Rejects CBS’s $40 Million Loss Claim and Warns Late-Night Is Being ‘Poisoned’

His comments underscore rising talent pushback over CBS’s shift to a leased ‘time‑buy’ model and raise new questions about host contracts and the economics of late-night TV.

Overview

  • Kimmel told reporters on June 1 that he does not believe CBS’s claim that Stephen Colbert’s Late Show lost about $40 million a year and called the figure “made-up.”
  • CBS has replaced Colbert’s hour with Byron Allen’s Comics Unleashed under a time-buy deal that leases the airtime to Allen’s company, which will sell the ads and, the network says, turn losses into profit.
  • Kimmel said ABC told him his own show remains profitable, but he cited a one-year contract renewal in December and a past suspension as reasons he feels uncertain about his future on late-night television.
  • The dispute highlights a larger debate over how networks count audience and revenue, with hosts pointing to combined online and linear viewership while networks push cost-cutting measures like leased time slots.
  • Industry watchers say the move could prompt more leased airtime deals, tighter short-term contracts for hosts, and renewed scrutiny of whether corporate or political pressures shape programming choices.