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Colbert 'Late Show' staying in New York

By Todd Leopold, CNN
updated 2:29 PM EDT, Wed July 23, 2014
Even when CBS' "Late Show with David Letterman" veers into awkward, uncomfortable territory for the guest -- as it often does -- Letterman never loses his cool. In fact, the opposite happens: The show only gets better. Now, after more than 30 years in the business, Letterman has mastered the art of pressing just the right buttons to ensure great TV. Even when CBS' "Late Show with David Letterman" veers into awkward, uncomfortable territory for the guest -- as it often does -- Letterman never loses his cool. In fact, the opposite happens: The show only gets better. Now, after more than 30 years in the business, Letterman has mastered the art of pressing just the right buttons to ensure great TV.
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Memorable 'Late Show' moments
Memorable 'Late Show' moments
Tribute to Johnny Carson
Madonna's F-bombs
Drew Barrymore flashes Dave
Courtney Love channels Drew Barrymore
First broadcast after 9/11
Honoring Warren Zevon
McCartney performs
Dave and Oprah bury the hatchet
Michael Richards' mea culpa
Dave and Bill O'Reilly call a truce
Paris Hilton gets grilled
John McCain in the hot seat
Joaquin Phoenix's strange act
Dave's shocking confession
Richard Simmons goes up in smoke
Dave and Jay Leno team up
Lindsay Lohan gets emotional
Cher keeps Dave on his toes
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STORY HIGHLIGHTS
  • CBS' "Late Show" to keep Ed Sullivan Theater as home under new host
  • Show has been in New York for David Letterman's entire run on CBS
  • Stephen Colbert to succeed Letterman in 2015

(CNN) -- The host of CBS' "Late Show" may be changing, but the location is staying the same.

CBS and New York Gov. Andrew Cuomo announced Wednesday that "Late Show With Stephen Colbert" will stay in New York City, where it's been for 21 years with David Letterman.

"I am pleased to announce that the 'Late Show' will stay in New York, where it belongs," Cuomo said in a statement. "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."

CBS President and CEO Leslie Moonves was also upbeat.

"We're thrilled to continue broadcasting CBS's 'Late Show' from New York and call the Ed Sullivan Theater its home," Moonves said in a statement. "We're excited to be here in late night for many years to come."

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As part of the deal, CBS will be eligible to receive at least $11 million in tax credits. Another $5 million grant from Empire State Development, New York State's chief economic development agency, will also be made available to offset renovations at the Ed Sullivan Theater, the statement said.

Letterman announced his retirement on April 3. Colbert was selected as the "Late Show's" new host a week later.

Stephen Colbert to succeed David Letterman

The Ed Sullivan Theater, where famed variety host Ed Sullivan hosted his CBS show for many years, has been Letterman's home since he came to the network in 1993.

It's David Letterman's comedy world

Letterman has had great fun with his New York environs -- first on NBC's "Late Night," where his sketches made the rounds of the Big Apple, and then on the "Late Show," where he made stars of local characters and hosted concerts on the theater marquee.

Colbert will take over the show some time in 2015. He'll be leaving Comedy Central's "The Colbert Report" at the end of 2014, which will become a new show, "The Minority Report With Larry Wilmore," in January.

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