When Stephen Colbert takes over the Late Show from David Letterman next year, it will remain in New York City. Which means we get to keep around 200 jobs based here, and remain on top of the entertainment world.

Governor Andrew Cuomo and CBS's Leslie Moonves made the announcement this afternoon, the former saying, "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." Sorry, LA.

Moonves added, "We're thrilled to continue broadcasting CBS’s Late Show from New York and call the Ed Sullivan Theater its home,” said Moonves. “David Letterman has graced this hall and city with comedy and entertainment that defined a generation. 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. We’re excited to be here in late night for many years to come."

According to THR, CBS is now "eligible to receive at least $11 million in tax credits over five years... and eligible for up to $5 million in grants to offset renovations at the historic building."