CBS says Colbert keeping CBS' 'Late Show' in NYC

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CBS says Colbert keeping CBS' 'Late Show' in NYC
NEW YORK - MAY 3: Stephen Colbert with David Letterman. (Photo by John Paul Filo/CBS via Getty Images)
NEW YORK - APRIL 22: Stephen Colbert, future host of the LATE SHOW, talks to David Letterman when Colbert visits the LATE SHOW with DAVID LETTERMAN, Tuesday, April 22 (11:35 PM-12:37 AM, ET/PT) on the CBS Television Network. (Photo by Jeffrey R. Staab/CBS via Getty Images)
THE TONIGHT SHOW STARRING JIMMY FALLON -- Episode 0015 -- Pictured: Talk show host Stephen Colbert on March 7, 2014 -- (Photo by: Lloyd Bishop/NBC/NBCU Photo Bank via Getty Images)
Comedian Stephen Colbert arrives at the White House in Washington on February 11, 2014 for the state dinner in honor of French President Francois Hollande. Hollande is on a three-day visit to the US. AFP PHOTO/Nicholas KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)
NEW YORK, NY - JANUARY 31: Steven Colbert attends the Super Bowl XLVIII Party Hosted By Shape And Men's Fitness at Cipriani 42nd Street on January 31, 2014 in New York City. (Photo by Mireya Acierto/Getty Images)
NEW YORK, NY - DECEMBER 11: Satirist Stephen Colbert speaks onstage at Robert F. Kennedy Center For Justice And Human Rights 2013 Ripple Of Hope Awards Dinner at New York Hilton Midtown on December 11, 2013 in New York City. (Photo by Stephen Lovekin/Getty Images for Robert F. Kennedy Center For Justice And Human Rights)
NEW YORK - JANUARY 02: People stand outside of the Ed Sullivan Theater during a taping of the Late Show with David Letterman on January 2, 2008 in New York City. This will be the first airing of the show since the Writers Guild of America went on strike November 5. Letterman and his production company World Wide Pants worked out an independent deal with his writers. (Photo by Bryan Bedder/Getty Images)
US President Barack Obama and David Letterman speak during a break in the taping of the 'Late Show with David Letterman' at the Ed Sullivan Theater on September 18, 2012 in New York, New York. AFP PHOTO/Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/GettyImages)
NEW YORK - OCTOBER 16: Supporters and detractors of Republican presidential nominee Sen. John McCain (R-AZ) stand outside the Ed Sullivan Theatre during McCain's taping of the 'Late Show with David Letterman' on October 16, 2008 in New York City. McCain visited the late night talk show after recently cancelling an appearance to tend to instead the nation's financial crisis in Washington. (Photo by Bryan Bedder/Getty Images)
NEW YORK, NY - OCTOBER 31: Visitors stand in line for the Late Show with David Letterman in Times Square following Hurricane Sandy on October 31, 2012 in New York City. (Photo by John Lamparski/Getty Images)
US President Barack Obama (L) jokes with David Letterman during a taping of the Late Show with David Letterman in New York on September 21, 2009. AFP PHOTO/Jim WATSON (Photo credit should read JIM WATSON/AFP/Getty Images)
NEW YORK - JANUARY 02: A general view of the marquee of the Ed Sullivan Theater during a taping of the Late Show with David Letterman on January 2, 2008 in New York City. This will be the first airing of the show since the Writers Guild of America went on strike November 5. Letterman and his production company World Wide Pants worked out an independent deal with his writers. (Photo by Bryan Bedder/Getty Images)
NEW YORK, NY - OCTOBER 31: Visitors stand in line for the Late Show with David Letterman in Times Square following Hurricane Sandy on October 31, 2012 in New York City. (Photo by John Lamparski/Getty Images)
LOS ANGELES, CA - SEPTEMBER 22: TV host Stephen Colbert attends HBO's Annual Primetime Emmy Awards Post Award Reception at The Plaza at the Pacific Design Center on September 22, 2013 in Los Angeles, California. (Photo by Michael Buckner/Getty Images)
LOS ANGELES, CA - SEPTEMBER 22: (EXCLUSIVE ACCESS SPECIAL RATES APPLY) Winner, Stephen Colbert, for Outstanding Variety Series for THE COLBERT REPORT during the 65th Primetime Emmy Awards which will be broadcast live across the country 8:00-11:00 PM ET/ 5:00-8:00 PM PT from NOKIA Theater L.A. LIVE in Los Angeles, Calif., on Sunday, Sept. 22 on the CBS Television Network. (Photo by Cliff Lipson/CBS Photo Archive/CBS via Getty Images)
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NEW YORK (AP) - Stephen Colbert will not only be following in David Letterman's footsteps, he'll be doing it on the same stage.

CBS said Wednesday that Colbert, who is replacing Letterman as the "Late Show" host next year, will keep the show in New York City's Ed Sullivan Theatre. Colbert's debut date is still uncertain, dependent on when Letterman officially retires from late-night TV.

"Tonight" show host Jimmy Fallon already tapes his show in New York, and fellow competitor Jimmy Kimmel at ABC is based in Los Angeles.

New York Gov. Andrew Cuomo said CBS is eligible for up to $11 million in tax credits for keeping the show in New York. The state is also making up to $5 million in grant money available for renovating the theater.

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