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Stephen Colbert to Take Over "The Late Show" - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

Stephen Colbert to Take Over "The Late Show"

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CBS didn't waste too much time finding a new host for "The Late Show." Exactly a week after David Letterman announced his plans to retire, his replacement has been named.

Stephen Colbert, the host, writer and executive producer of "The Colbert Report," will succeed Letterman, effective when Mr. Letterman retires from the broadcast.

The five-year agreement between CBS and Colbert was announced by Leslie Moonves, President and CEO, CBS Corporation, and Nina Tassler, Chairman of CBS Entertainment.

"Stephen Colbert is one of the most inventive and respected forces on television," Moonves. "David Letterman's legacy and accomplishments are an incredible source of pride for all of us here, and today's announcement speaks to our commitment of upholding what he established for CBS in late night."

"Simply being a guest on David Letterman's show has been a highlight of my career," said Colbert. "I never dreamed that I would follow in his footsteps, though everyone in late night follows Dave's lead." 

Adding, "I'm thrilled and grateful that CBS chose me. Now, if you'll excuse me, I have to go grind a gap in my front teeth."

Colbert's premiere date as host of THE LATE SHOW will be announced after Mr. Lettermen determines a timetable for his final broadcasts in 2015.

"The Late Show" is broadcast weeknights on the CBS Television Network from 10:35-11:37 p.m. Colbert will go head to head with NBC's "The Tonight Show" starring Jimmy Fallon. Fallon took over in February after Jay Leno left the show.

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