×
You will be redirected back to your article in seconds

CBS to Keep Colbert’s ‘Late Show’ in New York

CBS’ “Late Show” will remain in New York at the Ed Sullivan Theater with Stephen Colbert takes over hosting of the show next year, under an agreement announced on Wednesday by the network’s CEO Leslie Moonves and New York Gov. Andrew Cuomo.

CBS will be eligible for at least $11 million in tax credits over five years and $5 million in grants, the latter to cover the cost of renovations to the historic theater. In turn, the network is committing to about 200 year-round jobs, based in New York.

When David Letterman announced his retirement from the show in April, it almost immediately started an effort by Los Angeles and New York to lure the show. Los Angeles Mayor Eric Garcetti fired off a letter to Moonves, although such a move has been regarded as a longshot. Colbert, too, has roots in Manhattan, where he has better access as host of “The Colbert Report” to political guests than he would have in Los Angeles.

“The television and film industries are thriving in the Empire State – creating jobs and fueling dozens of other sectors across the state. 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.

Moonves said, “David Letterman has graced this hall and city with comedy and entertainment that defined a generation. When Dave decides to pass the baton next year, we look forward to welcoming Stephen Colbert, one of the most innovative and respected forces on TV, to this storied television theater. I would also like to applaud Gov. Cuomo for all that he has done to keep New York a vibrant and attractive location for all forms of television production. We’re excited to be here in late night for many years to come.”

CBS’s tax credits will come from the Excelsior tax credit program, which is primarily geared toward job creation. The $11 million will come over five years to “cover eligible costs based on the proposed significant level of investment and job commitments.”

Update: Garcetti released a statement this afternoon, suggesting that the city of Los Angeles can’t compete because it doesn’t have the tax credits to give.  “This announcement underscores the importance of my work to expand the film and television credit program to create jobs and boost our economy here in California. I am focused on passing AB 1839 and improving the filming infrastructure in Los Angeles so that we can once again compete with other states and countries and welcome the next generation of storytellers to the entertainment capital of the world.”

More Biz

  • National Enquirer - Jeff Bezos

    Hudson Media CEO James Cohen Purchases the National Enquirer

    Hudson Media’s CEO James Cohen announced Thursday that he will purchase the National Enquirer as well as American Media’s other tabloids, the Globe and the National Examiner. With the purchase of the National Enquirer, which Cohen reportedly bought for $100 million, he plans to strengthen their collaborative efforts, documentary shows, weekly podcasts, and theme parks. [...]

  • Amazon

    Amazon Music’s Free Tier Is More Advertising Play Than Spotify Killer, Analysts Say

    When news began to spread last week that Amazon Music’s long-anticipated free streaming tier was imminent, headlines emerged about its threat to Spotify and Apple Music, with some stories saying that Spotify’s stock price dropped in response to the news. But not only was today’s launch of the free tier basically a soft one — [...]

  • Nicki MinajCFDA Vogue Fashion Fund Dinner,

    Nicki Minaj Parts Ways With Longtime Managers (EXCLUSIVE)

    Nicki Minaj has parted ways with Gee Roberson and Cortez Bryant and Blueprint/ Maverick Management, a source close to the situation confirms to Variety. She had worked with the pair for the majority of her career. The source says the decision was mutual and amicable, and there was no specific reason for the split, adding [...]

  • Amazon

    Amazon Music Launches Free Streaming Tier, Through Alexa Only (for Now)

    Amazon Music today basically soft-launched its free streaming tier, in which U.S. customers of its Alexa voice assistant will have access to top Amazon Music playlists and thousands of stations, at no cost. The limited access that the new free service provides — it’s only available through Alexa, and when the listener requests a song, [...]

  • Donald Glover and Adidas Launch Short

    Donald Glover and Adidas Launch Partnership With New Shoes and Short Films (Watch)

    Donald Glover and Adidas Originals today announced Donald Glover Presents, a creative partnership that unveiled a new line of shoes and a series of brief — and very funny — films to accompany them. (Watch them below.) Donald Glover Presents reimagines threeAadidas styles, the Nizza, the Continental 80, and the Lacombe. The shoes feature uneven [...]

  • Kodak Black Arrested at Border on

    Kodak Black Arrested at Border on Gun and Drug Charges

    Rapper Kodak Black and three other people were arrested after they allegedly attempted to cross the U.S.-Canada border with guns and marijuana, officials told NBC News on Thursday. The 21-year-old rapper missed concerts at the House of Blues in Boston on Wednesday night after he was stopped at the Lewiston-Queenston International Bridge near Buffalo hours [...]

More From Our Brands

Access exclusive content