Deal close to keep 'The Late Show' in NYC after CBS pays Governor Cuomo $45k in campaign contributions

[jmyrlefuller]

http://t.co/Dt9xkjGK63

by Ken Lovett
July 23, 2014

The state is close to a deal to keep CBS’s “The Late Show” in New York when David Letterman retires next year and is replaced by Stephen Colbert, the Daily News has learned.

It’s unclear what type of tax incentive package, if any, CBS and the show will get to stay at the Ed Sullivan Theater in Manhattan.

Campaign disclosure records released last week showed that CBS and its various affiliates donated $45,000 to Cuomo’s campaign the past six months. It’s the only campaign CBS donated to during that time.

(excerpt)

[GourmetDan]

Campaign disclosure records released last week showed that CBS and its various affiliates donated $45,000 to Cuomo’s campaign the past six months. It’s the only campaign CBS donated to during that time.

Nothing to see here, citizen.  Move along...

[jmyrlefuller]

Nothing to see here, citizen.  Move along...

That's right, folks, “New York is Open for Business!” _{(if the price is right)}

[jmyrlefuller]

And it appears $45,000 is a small price to pay for... $16 million in state tax breaks:

http://www.capitalnewyork.com/article/media/2014/07/8549496/tax-credits-hand-colberts-late-show-stay-new-york

Staffers for Colbert were told that the show was expected to remain in New York, though CBS was angling for tax credits before making anything official. Sure enough, the deal announced Wednesday includes $11 million in tax credits, spread over five years, as well as a grant worth up to $5 million for renovations at the Ed Sullivan Theater.