Stephen Colbert Is Set To Replace David Letterman As Host Of The Late Show

After much speculation, it's official: Stephen Colbert will be taking over for David Letterman as the host of The Late Show!

CBS released a press statement naming The Colbert Report host as CBS' new late night host:

"The CBS Television Network today announced that Stephen Colbert, the host, writer and executive producer of the Emmy and Peabody Award-winning The Colbert Report, will succeed David Letterman as the host of The Late Show, 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.

Letterman, the legendary, critically acclaimed host of the CBS late night series for 21 years, announced his retirement on his April 3 broadcast. 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 ...

“Stephen Colbert is one of the most inventive and respected forces on television,” said 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.”

The location and date of Colbert's Late Show has yet to be determined. But we are looking forward to the dry humorist's late-night reign!