Stephen Colbert
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Los Angeles may be the long-reigning entertainment hub, but New York’s getting a grip on the nation’s talk shows.

CBS’s Late Show will remain at the Ed Sullivan Theater in New York City, even as Stephen Colbert takes over hosting duties from David Letterman next year. The decision was announced Wednesday by network CEO Leslie Moonves and New York Governor Andrew Cuomo.

Following Letterman’s announcement in April that he would be retiring from the show, Los Angeles Mayor Eric Garcetti wrote a letter to Moonves urging CBS to consider relocating to “the entertainment capital of the world.” The letter followed NBC’s announcement that The Tonight Show would move from Burbank, Calif., to New York.

In NYC, CBS will be eligible for at least $11 million in tax credits over five years and $5 million in grants to cover renovations to the historic theater. The network has committed to roughly 200 year-round, New-York based jobs.

The Colbert Report was also filmed in Manhattan, which allowed the show easier access to guests involved in politics.

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