Stephen Colbert has been announced as the replacement for David Letterman as host of Tonight Show after the latter retires next year.
CBS made the announcement in a press release on Wednesday.
The release reads in full:
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 succed David Letterman as the host of THE TONIGHT SHOW, effective from 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 Letterman determines his timetable for his final broadcasts in 2015.
Specific creative elements, as well as the producers and the locations for the Colbert-based LATE SHOW, will be determined and announced at a later date.
Colbert will retire his The Colbert Report character before taking over from Letterman.