Stephen Colbert's "Late Show" will remain in New York and will broadcast from the Ed Sullivan Theater, home to David Letterman, CBS announced Wednesday.
"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," said Leslie Moonves, president and CEO of CBS Corp.
Moonves and New York Gov. Andrew M. Cuomo announced the "Late Show" agreement, which will mean about 200 New York-based jobs.
"Today, I am pleased to announce that the 'Late Show' will stay in New York, where it belongs. New York has long been an international entertainment leader, and with this commitment from CBS we are beginning the next chapter in that proud history," Cuomo said.
Letterman, who has hosted "Late Show" for 21 years, will step down next year. He announced his retirement on his April 3 show, and CBS selected Colbert as successor a week later. Colbert has become a late-night favorite on "The Colbert Report" on Comedy Central.Copyright © 2015, The Baltimore Sun