Stephen Colbert Will Keep 'Late Show' in New York City

When Stephen Colbert was announced as the next host of Late Show, there was some talk that CBS might move David Letterman's former show to the West Coast, taking advantage of the fact that NBC had moved The Tonight Show from Los Angeles back to New York City when Jimmy Fallon became the host.

New Yorkers shouldn't worry, as both Colbert and Late Show will be keeping their acts in the Big Apple.

"We're thrilled to continue broadcasting CBS's Late Show from New York and call the Ed Sullivan Theater its home," CBS Corp. President and CEO Les Moonves said in a statement. "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."

Despite having a location for Colbert's version of Late Show locked in, CBS still has a lot of work to do with its late-night lineup. A transition timeline from Letterman to Colbert has yet to be announced. The network still has to decide what it will do with The Late Late Show once Craig Ferguson leaves at the end of this year too.