Emmy-nominated Jimmy Kimmel calls $40M Colbert loss reports "nonsensical" and explains why he's voting for the late night host.

The Late Show with Stephen Colbert is on summer vacation, but not for much longer. The cancelled show is set to return from hiatus soon.

Per sources, the purported financial problems that The Late Show has been experiencing are due to diminishing advertising revenue. It was reported by CNN that the late-night talk shows across all the major networks brought in $220 million,