A week after David Letterman announced his retirement, CBS has named his successor. Stephen Colbert has inked a five-year deal to take over Late Show, a move that is effective as soon as Letterman officially steps aside from the late-night show he has headlined since its launch on CBS in 1993. CBS will own Late Show With Stephen Colbert, unlike Late Show With David Letterman, which is owned by Letterman’s Worldwide Pants. CBS Corp ChairmanLeslie Moonves said no dates have been set and reiterated that Letterman’s last day is the host’s to choose. Colbert is host of Comedy Central‘s faux-news show The Colbert Report, which airs in the east at the same time as Late Show, 11:30 PM.
Colbert had been on the radar of top CBS brass for awhile and was Moonves’s top choice. Colbert too had had an eye on the job for a long time, synching up his Comedy Central contracts with Letterman’s. His current one is coming up at the end of this year, making him available for the Late Show host transition, slated for sometime in 2015.
“Stephen Colbert is one of the most inventive and respected forces on television,” said Moonves in today’s announcement. “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.”