He might have an invested stake in late-night TV enterprise, but Jimmy Kimmel doesn’t believe CBS and Paramount’s reason for canceling The Late Show With Stephen Colbert was a

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,

The late night host said the "alleged insiders" simply "don’t know what they’re talking about" when it comes to Stephen Colbert's program.