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,

Kimmel added, “There’s just not a snowball’s chance in hell that that’s anywhere near accurate.” And he even used his own numbers as proof, saying, “I will tell you, the first 10 years I did the show, they claimed we weren’t making any money — and we had five times as many viewers on ABC as we do now.”

Jimmy Kimmel advocates for voters to give Stephen Colbert his first Emmy for the 'Late Show' after being nominated nine years in a row without a win.