Live from New York--It's the "Late Show" with Stephen Colbert

[hrmjustin]

KEN LOVETT

Gov. Cuomo and CBS just made it official--"The Late Show" will remain in New York City when Stephen Colbert takes over for David Letterman next year.

“We’re thrilled to continue broadcasting CBS’s LATE SHOW from New York and call the Ed Sullivan Theater its home,” said CBS President and CEO Leslie Moonves.

The Daily News reported the deal was near earlier Wednesday.CBS will receive at least $11 million in "performance-based" Excelsior tax credits over five years based on the level of investment and job commitments.

CBS, as part of the deal, agrees to commit to about 200 New York-based jobs to support th eprogram's year-round production schedule.

In addition, the state will make available up to $5 million grant for CBS to offset renovations at the Ed Sullivan Theatre, where the sow itaped.

http://www.nydailynews.com/blogs/dailypolitics/live-new-york-it-late-show-stephen-colbert-blog-entry-1.1877332

[unblock]

1. sweet!

[yeoman6987]

2. I don't think the 5million dollar tax break

Is so great. Just because we like the show does not mean this is good for the US or the economy. They should pay the taxes without the bennies.

[unblock]

3. yeah well the race to the bottom aspect wasn't the part i was psyched about ;)

[davidpdx]

4. It's great that Colbert will remain in the Ed Sullivan theater

I hope they have enough money to add a mud or jello wrestling pit.

[hrmjustin]

5. Tax credits in hand, Colbert’s ‘Late Show’ to stay in NY

http://www.capitalnewyork.com/article/media/2014/07/8549496/tax-credits-hand-colberts-late-show-stay-ny

[hrmjustin]

6. editorial.

http://www.nydailynews.com/opinion