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Analyst: Network Late-Night Talk Shows Became Unprofitable in 2023 (Updated) - LateNighter
Are we to really believe CBS when it says 'The Late Show' is losing $40 million a year? We asked a network TV research analyst familiar with the financial realities of late-night television from the inside (at networks other than CBS) whether that number rang true. Their answer was a qualified yes.latenighter.com
That story, despite the headline, quotes an unnamed network analyst as saying that he (she? who knows?) "believes" CBS might be right that Colbert's show was losing money.
It doesn't say a thing about Kimmel's show.
Kimmel, however, has, in a Variety interview from one month ago today---two weeks after the article you linked to and, given Kimmel's words, likely in response to it.
Essential Q&A pullquote:
There have been reports that Colbert’s show was losing $40 million a year. What’s your take on that?
I just want to say that the idea that Stephen Colbert‘s show was losing $40 million a year is beyond nonsensical. These alleged insiders who supposedly analyze the budgets of the shows — I don’t know who they are, but I do know they don’t know what they’re talking about. They seem to only be focused on advertising revenue and have completely forgotten about affiliate fees, which number in the hundreds of millions — probably in total billions — and you must allocate a certain percentage of those fees to late-night shows. It really is surprising how little the media seems to know about how the media works. There’s just not a snowball’s chance in hell that that’s anywhere near accurate. Even that — that’s all you need to know. Suddenly he’s losing $40 million a year?
So. Once more, any proof or source that Jimmy Kimmel Live is losing money?
Trust me because I did (and still do) this shit for a living---I haven't found it and I'be been looking for a couple of hours.
Here's the full Kimmel Variety interview from August 18:
Jimmy Kimmel Blasts Reports of Stephen Colbert’s ‘Late Show’ Losing $40 Million for CBS: ‘Not a Snowball’s Chance in Hell That’s Accurate’
Emmy-nominated Jimmy Kimmel calls $40M Colbert loss reports "nonsensical" and explains why he's voting for the late night host.