The Briefing Room

General Category => Sports/Entertainment/MSM/Social Media => Topic started by: jmyrlefuller on July 23, 2014, 03:25:58 pm

Title: Deal close to keep 'The Late Show' in NYC after CBS pays Governor Cuomo $45k in campaign contributions
Post by: jmyrlefuller on July 23, 2014, 03:25:58 pm
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)
Title: Re: Deal close to keep 'The Late Show' in NYC after CBS pays Governor Cuomo $45k in campaign contributions
Post by: GourmetDan on July 23, 2014, 03:29:39 pm
Quote from: jmyrlefuller on July 23, 2014, 03:25:58 pm
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...

Title: Re: Deal close to keep 'The Late Show' in NYC after CBS pays Governor Cuomo $45k in campaign contributions
Post by: jmyrlefuller on July 23, 2014, 03:56:05 pm
Quote from: GourmetDan on July 23, 2014, 03:29:39 pm
Nothing to see here, citizen.  Move along...
That's right, folks, “New York is Open for Business! (http://www.thenewny.com/StartaBusiness.aspx)” (if the price is right)
Title: Tax credits in hand, Colbert’s “Late Show” to stay in New York
Post by: jmyrlefuller on July 23, 2014, 06:15:50 pm
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.