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April 11, 2014 AT 7:00 PM
After the announcement that Stephen Colbert would be taking over for David Letterman at CBS, the soon-to-be late-night host joked about his new role on his show on Thursday night. Les Moonves, the President and CEO of CBS Corporation also opened up about the negotiations, saying, "We haven't yet made a decision on where this show will be. Stephen Colbert is a New York guy, his family is there, it's more than likely it will be on the East Coast."