Stephen Colbert to replace David Letterman as 'Late Show' host

ASSOCIATED PRESS

The CBS network has announced that Stephen Colbert will replace David Letterman as host of 'The Late Show' once Letterman steps down next year.

The network says Colbert, the current host of 'The Colbert Report' on Comedy Central (the Comedy Network in Canada), has signed a five-year contract with CBS.

“Stephen Colbert is one of the most inventive and respected forces on television,” CBS chairman Leslie Moonves said in a statement. “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.”

It's not clear just what the new Colbert-hosted 'Late Show' will look like, who will produce it, and precisely when the new show will debut.

Letterman has hosted 'The Late Show' since 1993. On April 3, Letterman announced he'd be retiring sometime in 2015.

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