"There’s just not a snowball's chance in hell that that’s anywhere near accurate," Kimmel said of the reports Jimmy Kimmel called reports that Stephen Colbert's show was canceled due to an annual $40 million loss was "nonsensical" He also claimed that late-night television is not dying,

Stephen Colbert announced in July that CBS will be canceling “The Late Show” in May 2026, more than 10 years after he took over as host.

Stephen Colbert is officially on summer vacation. The comedian's late-night talk show, The Late Show with Stephen Colbert, aired its last new episode before its summer hiatus on Thursday, Aug. 7, meaning fans won't get new episodes for a few weeks.