Jimmy Kimmel and ABC in talks for one-year contract extension, report says

The short version

• ABC and Jimmy Kimmel are currently negotiating a one-year contract extension following network denials of earlier cancellation reports.[The Hollywood Reporter]
• The network is reportedly seeking production budget reductions of approximately 20 percent as part of the renewal discussions.[The Hollywood Reporter]
• Late-night television faces widespread financial pressure, with advertising revenue dropping 50 percent since 2018 and other networks cutting programming or production expenses.[The Hollywood Reporter]
• A final agreement between Kimmel and ABC remains unconfirmed as both sides evaluate potential staff, salary, or schedule adjustments.[The Hollywood Reporter]

Key facts

• ABC denied a previous report that Jimmy Kimmel's show would end next year and is currently in negotiations for a one-year contract extension.[The Hollywood Reporter]
• ABC is seeking budget cuts of roughly 20 percent as part of the contract extension discussions with Kimmel.[The Hollywood Reporter]
• Late-night television advertising revenue has dropped by 50 percent since 2018, and digital revenue has failed to make up the difference, according to media tracker Guideline.[The Hollywood Reporter]
• CBS previously canceled The Late Show and Late Late Show, while NBC has reduced production days for The Tonight Show and removed the house band on Late Night.[The Hollywood Reporter]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• Jimmy Kimmel Might Stick Around, but the End of Late Night TV Is Getting CloserThe Hollywood Reporter metered