CBS made its eagerly anticipated announcement today about whether it will keep its "Late Show" in New York when Stephen Colbert takes over for David Letterman next year, and the answer, the Associated Press reports, is yes.
One big reason, the story reports, is up to $16 million in grants and tax breaks for which CBS will be eligible for keeping the show in the Big Apple.
Colbert will move into the same stage where Letterman tapes the show, in New York's Ed Sullivan Theatre. The exact date of the transition is not yet known, and will be contingent on when Letterman officially retires from his late-night job.
Among the top broadcast programs on late-night, NBC's "Tonight Show," starring Jimmy Fallon, tapes in New York, while ABC's "Jimmy Kimmel Live" is taped in Los Angeles.
"New York Gov. Andrew Cuomo said CBS is eligible for up to $11 million in tax credits for keeping the show in New York. The state is also making up to $5 million in grant money available for renovating the theater," the AP story reports.