While receiving a TV Academy Hall of Fame award, Conan O’Brien offered some thoughts about the state of late-night television.

"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,

Conan O’Brien said that late-night shows will eventually "disappear," but hosts like Stephen Colbert are "too talented and too essential to go away."