"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,

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.