Jimmy Kimmel defended Stephen Colbert's Late Show against reports that it was losing $40 million annually, describing those claims as absurd. He pointed out that such reports ignore various revenue sources like affiliate fees. Kimmel recounted his experiences with similar claims during his own show's early years, which also had high viewership despite being labeled unprofitable. He acknowledged a decline in overall network audiences but rejected the idea that late-night television is failing, arguing that its audience is simply evolving rather than disappearing.
Kimmel defended Colbert's Late Show against claims of it losing $40 million annually, stating that such assessments ignore other revenue sources like affiliate fees.
Kimmel criticized reports of Colbert's losses and emphasized that the media often lacks understanding of the complexities involved in late-night show financing.
Kimmel highlighted that during his own show's early years, similar claims of financial failure were made despite high viewer ratings.
Kimmel dismissed the narrative of late-night television being in decline, asserting that audience viewing habits are shifting rather than deteriorating.
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