Jimmy Kimmel is on fire, calling out the absurd explanations behind Stephen Colbert's Late Show cancellation. Here’s what you need to know:

• Kimmel labels the reports as 'beyond nonsensical.'
• He challenges claims that Colbert’s show was losing $40 million annually.
• The late-night landscape is shifting, and Kimmel's not afraid to voice his opinions.

Here's the full scoop.