When Colbert takes over from David Letterman sometime next year, the production will remain in the space that Letterman has called home for the last 21 years.
New York Gov. Andrew M. Cuomo and CBS President and Chief Executive Les Moonves made the announcement Wednesday, ensuring that about 200 jobs related to the show would stay in NYC.
"Les Moonves and CBS have made the right decision in choosing to continue investing in New York, and as David Letterman passes the baton to Stephen Colbert, I look forward to watching 'The Late Show' from the historic Ed Sullivan Theater for years to come," Cuomo said in a statement.
While Los Angeles Mayor Eric Garcetti had urged CBS to bring "Late Show" to L.A. in April, to counterbalance the loss of "The Tonight Show" to New York, no one really expected "Late Show" to switch coasts. Colbert has been a longtime resident of New Jersey and has three young children there with his wife, Evelyn.
Colbert currently hosts "The Colbert Report" from New York City, as well.
By staying in New York, CBS is now eligible for $11 million in tax credits over five years, as well as $5 million in grants from Empire State Development to offset costs of renovating the Ed Sullivan Theater for Colbert's tenure.
The venue, which was once home to Ed Sullivan's variety show, was purchased by CBS in 1993 when Letterman jumped networks from NBC to CBS.
Now that the name and location of Colbert's new show are in place, the fans are just awaiting a premiere date. And by extension, an official date of Letterman's retirement.
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