CBS announced the cancellation of 'The Late Show with Stephen Colbert,' set to air its last episode in May. Gov. Hochul's office stated this decision will cost hundreds of local jobs, as the state had previously invested $16 million to retain the show. Colbert was informed of the cancellation shortly before its announcement. The spokesperson expressed concern over the broader economic repercussions that the show's ending will have on production jobs, vendors, and local businesses reliant on audiences.
"The loss of 'The Late Show with Stephen Colbert' is more than just the end of a television show. It means the loss of hundreds of good-paying production jobs, lost income for dozens of vendors, and a hit to the local businesses that rely on the show's daily audiences."
"New York state gave CBS $16 million in tax breaks and grants in 2014 to keep 'The Late Show' in New York amid the transition from the show's founding host, David Letterman, to Colbert."
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