"The Late Show" is staying on Broadway.
CBS has agreed to continue broadcasting the show from the Ed Sullivan Theater after David Letterman passes the baton to Stephen Colbert, host of "The Colbert Report," next year.
Governor Andrew Cuomo says he's "thrilled" that "The Late Show" is staying in New York, and that 200 jobs will stay in the city.
CBS will be eligible to receive at least $11 million in tax credits over the next five years and $5 million for renovations to the theater.
"The Late Show with Stephen Colbert" will start in 2015, but the premiere date has not been announced.