A month after Colbert announced that The Late Show will be ending after 10 seasons as its host, reports emerged that it had been losing $40 million annually. During a recent interview with Variety, Kimmel, 47, shut down those claims, calling them “beyond nonsensical.”

There’s something refreshing about Jimmy Kimmel’s anger. Variety scheduled this sit-down interview with the Emmy-winning host, producer and comedian occurred in mid-July just after he found out he had landed three Primetime Emmy nominations for outstanding talk series (ABC’s “Jimmy Kimmel Live!

Jimmy Kimmel is calling out ‘nonsensical’ reports that Stephen Colbert’s Late Show was losing $40 million a year before the CBS network axed the show following its current season