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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish

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Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it
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First Kimmel, then Fallon and Meyers? A veteran TV scholar says late night can’t survive politics anymore — and today’s hosts must ‘tread carefully’

By
Eva Roytburg
Eva Roytburg
Fellow, News
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By
Eva Roytburg
Eva Roytburg
Fellow, News
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September 18, 2025, 1:20 PM ET
"Late Night" host Seth Meyers during an interview with host Jimmy Fallon on February 8, 2017.
President Donald Trump targeted Jimmy Fallon and Seth Meyers as “two total losers.” Andrew Lipovsky/NBCU Photo Bank/NBCUniversal via Getty Images

President Donald Trump celebrated Disney-owned ABC’s indefinite suspension of Jimmy Kimmel Live! after Wednesday night,  congratulating ABC on “finally having the courage to do what needs to be done.” Trump also posted on his platform, incorrectly, that Kimmel’s show had been “cancelled.” The president continued posting, indicating he wants to reshape late-night TV.

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Trump used the suspension – which happened after an ABC affiliate revolt over Kimmel’s criticisms of conservatives’ response to the assassination of activist Charlie Kirk – to double down on his feud with late-night television broadly, targeting Jimmy Fallon and Seth Meyers as “two total losers.” 

“Their ratings are also horrible,” Trump posted on his platform, TruthSocial. “Do it NBC!!!” 

But Robert Thompson of Syracuse University, a widely cited multimedia and downright entertainment savant, told Fortune the suspension can’t be explained by ratings alone.

“You don’t pull a midweek show that’s already booked because of ratings,” he said. “That’s not how networks operate.”

Despite Trump’s call, the move to pull Kimmel off the air was not just a network decision: it was driven by a revolt from Nexstar and Sinclair, companies that control dozens of ABC affiliate stations, only hours after Kimmel’s controversial show aired. Disney-owned ABC responded by suspending Jimmy Kimmel Live! Indefinitely.

“This was one of the fastest exertions of station power I’ve ever seen,” Thompson said. “Back in the NYPD Blue days, some affiliates refused to air it, but ABC kept the show going. This time, ABC pulled the plug itself.”

Federal Communications Commission (FCC) Chairman Brendan Carr described the affiliates’ refusal to air Kimmel’s program as a “turning point” for legacy media. 

“This action today by Nexstar and Sinclair, frankly, it’s unprecedented,” Carr said on Hannity Wednesday. “I can’t imagine another time when we’ve had local broadcasters tell a national programmer like Disney that your content no longer meets the needs and the values of our community.”

Carr also warned that further regulatory scrutiny could follow. In a separate interview with conservative podcaster Benny Johnson, he suggested the FCC might review Kimmel’s comments under potential “news distortion” provisions. 

“Any license granted by us at the FCC comes with an obligation to operate in the public interest,” Carr said, adding that Kimmel’s remarks about Kirk’s suspected killer seemed like an “intentional effort to mislead the American people.”

Kimmel faced backlash after his Sept. 15 episode, where he said, among other things, “[w]e hit some new lows over the weekend with the MAGA gang desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them and doing everything they can to score political points from it.”

Trump seizes opportunity to broaden his feud

Seizing on the controversy, Trump took a victory lap, hailing Kimmel’s suspension as “great news for America” and calling him a man of “zero talent.” 

Trump has long hated many late-night talk show hosts, who have made him the butt of their joke-filled monologues for years. In August, Trump had dismissed Stephen Colbert as “talentless” shortly before CBS canceled The Late Show with Stephen Colbert after a decade-long run. 

CBS cited the excessive expense of the show despite Colbert leading in the ratings; it also came against the backdrop of CBS’ parent company, Paramount, winning regulatory approval for its takeover by Skydance, a company owned by David Ellison, the son of Trump ally Larry Ellison, the Oracle billionaire and second-richest man in the world. Paramount settled a Trump lawsuit over the editing of a commercial for a 60 Minutes news story that aired during the 2024 presidential campaign, while the deal was pending approval. ABC, for its part, has already made a similar settlement with the Trump administration.

Kimmel, facing weak ratings, was himself on borrowed time; his deal with ABC only runs until 2026. Unlike NBC, which has locked in Fallon and Meyers through 2028, Disney had yet to make a call on Kimmel’s future, even though Jimmy Kimmel Live! has long doubled as a valuable marketing engine for Marvel, Star Wars, and other studio tentpoles. 

Beginning of the end for late night?

The simultaneous political crackdown and corporate consolidation have left late night—a bedrock of American TV for 70 years—at an inflection point.

“Networks seem to have no appetite for the kind of aggressive, political comedy that’s dominated the last 25 years,” Thompson said. “We may be coming full circle, back to a Carson-style, harmless late night—with NBC the last one standing.”

That would leave Seth Meyers in a precarious spot. 

“He’s got to tread very carefully,” Thompson warned. “Does he serve his fans and risk becoming the third casualty, or soften and alienate them? There’s no good option.”

Meanwhile, Fallon and Meyers continue lampooning Trump. Fallon joked about Trump’s UK trip—“when he holds a little tea sandwich, his hands look normal-sized”—while Meyers compared Trump’s NATO logic to a “scam email.”

But their comedy now plays out under a shadow: Trump’s attacks, the FCC’s scrutiny, and affiliates’ newfound willingness to defy national networks. Together, they suggest a shifting media landscape—one where late night may no longer be safe ground for comedians to test even their wildest material.

Unlike Fallon, who has a less aggressive comedic style, Meyers is suddenly alone among the more aggressively political late-night hosts. He’s in a no-win bind, Thompson said: if he keeps doing sharp anti-Trump comedy, he could well be the next casualty. But if he softens his jokes, he’ll alienate the very audience that he’s built.

“I would hate to be Seth Meyers right now,” Thompson said.

In 2001, Fortune first convened the smartest people we know, bringing together CEOs and founders, builders and investors, thinkers and doers. Since then, Fortune Brainstorm Tech has been the place where bold ideas collide. From June 8–10, we will return to Aspen—where it all began—to mark 25 years of Brainstorm. Register now.
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