Fate of Jimmy Fallon's late-night spot at NBC is revealed after Stephen Colbert's brutal firing

Daily Mail​

7 hours ago

Jimmy Fallon 's spot in the world of late night television has been declared safe, just weeks after news broke of The Late Show With Stephen Colbert 's shock cancellation.
According to Page Six, Fallon, 50, and his fellow NBC late-night host, Seth Meyers, 51, will continue their hosting gigs, despite having to navigate some budget shifts.
'Seth and Jimmy had budget cuts last year, which saw Jimmy go from five days a week to four days,' an insider told the outlet. 'He records Monday through Thursday and the show repeats on Friday.'
In June, Fallon renewed his multimillion-dollar contract with NBCUniversal to continue on as the host of The Tonight Show through 2028.
The extension came a month after he rang in his 10-year anniversary on the show with a two-hour special, which included surprise celebrity appearances including Robert De Niro, Kim Kardashian, Sarah Jessica Parker, Lady Gaga and more.
He has held onto the coveted role since 2014 after Jay Leno stepped down from the position in 2014.
Over at ABC, Jimmy Kimmel has also been spared.
'Even if he was thinking of retirement, he most definitely will stay now,' a source insisted to Page Six. '[Disney President] Dana [Walden] would never ax Kimmel.'
Daily Mail has reached out to Fallon's representatives and NBC, but they have not yet responded.
Last month, Colbert's cancellation after a 10-season run drummed up considerable controversy as many dubbed him a political martyr under President Donald Trump.
At the time, Trump praised CBS' decision to let Colbert go.
'The reason he (Colbert) was fired was a pure lack of TALENT, and the fact that this deficiency was costing CBS $50 Million Dollars a year in losses — And it was only going to get WORSE!' he wrote on Truth Social.
Trump then asked: 'Next up will be an even less talented Jimmy Kimmel, and then, a weak, and very insecure, Jimmy Falon. The only real question is, who will go first?'
Trump, who once gained reality television notoriety as the face of The Apprentice, tried to offer the trio a lesson in showbusiness, writing: 'Show Biz and Television is a very simple business.
'If you get Ratings, you can say or do anything. If you don't, you always become a victim. Colbert became a victim to himself, the other two will follow.'
CBS announced the cancellation of the Late Show with Stephen Colbert earlier this month, just days after the host blasted the network's $16million settlement with Trump as a 'big fat bribe.'
Executives said the decision was made after the show's revenue plummeted by around $40 million a year.
'The Late Show with Stephen Colbert will end its historic run in May 2026 at the end of the broadcast season,' they said in a statement.
'We consider Stephen Colbert irreplaceable and will retire the Late Show franchise at that time,' the executives continued. 'We are proud that Stephen called CBS home. He and his broadcast will be remembered in the pantheon of greats that graced late night television.'
At the time, Trump praised CBS' decision to let Colbert go
The network explained that the decision to cancel the show is 'purely a financial decision against a challenging backdrop in late night.'
'It is not related in any way to the show's performance, content or other matters happening at Paramount,' it added.
But Colbert has not held back in his criticism of his employers since the decision was finalized, telling crowds: 'They made one mistake, they left me alive! For the next ten months, the gloves are off!'
He dedicated much of his first show back after the announcement to criticizing the network, inviting other liberal late night talk show hosts and comedians onto his program to stand united against the decision.