Late-night TV may be shaking — but not for the reasons the rumors claim.

Here’s what we know so far — and what’s pure speculation:

🔍 What’s Really Going On

1. Kimmel’s Suspension and Return

Jimmy Kimmel’s show, Jimmy Kimmel Live!, was temporarily suspended by ABC in mid-September 2025 following controversial comments he made in a monologue about the killing of Charlie Kirk. People.com+3Wikipedia+3The Guardian+3
After a public backlash and strong support from fellow hosts, the show was reinstated on September 23.

2. Colbert, Cancellations & Solidarity

Stephen Colbert’s The Late Show is set to end in May 2026 due to a nonrenewal by CBS (officially for “financial reasons”). 
Colbert has publicly supported Kimmel, calling ABC’s suspension an example of “blatant censorship.” 
The two hosts have appeared on each other’s shows recently to air grievances and shared experiences.

3. The Simon Cowell “Uncensored News Channel” Story Is a Rumor

The most sensational claim in your prompt — that Kimmel, Colbert, and Simon Cowell have teamed up to launch a new uncensored news channel — has been debunked by fact-checkers.
As Snopes put it: “No, Simon Cowell hasn’t teamed up with Jimmy Kimmel and Stephen Colbert to launch a ‘Truth News’ channel.”
A viral video floating around claims this new “Truth News” network is real, but it lacks credible sources.

🎯 Why the Rumor Spread So Fast

The timing is dramatic. Kimmel’s suspension, Colbert’s upcoming end, and growing concern over media bias and censorship make for perfect viral fodder.

People want a hero story of media figures rebelling against control — and this “uncensored news network” narrative fits that fantasy.

Few facts are verified, which makes the rumor hard to stop once it’s out there.

🧨 What This Could Mean (If True) — and Why It Probably Isn’t

If such a network were real, it would shake up the media landscape:

A new “raw” platform free from traditional network constraints could attract viewers disillusioned by filtered news.

But it would also face massive regulatory, financial, and distribution challenges — especially in a media environment already saturated with streaming, cable, and partisan outlets.

Without backing, infrastructure, and legal safeguards, it’s almost impossible to launch something truly “free” and “uncensored” on a large scale.

Yet, even the rumor reflects a deeper fear: that mainstream networks are too controlled, and voices are being silenced.

✅ Bottom Line

What’s real: Kimmel was suspended; Colbert is wrapping up; both are outspoken critics of censorship in media.

What’s false (so far): There’s no credible evidence that they’ve started a new uncensored news channel — and definitely not that Simon Cowell is involved.