Stephen Colbert to replace David Letterman as new host of the 'Late Show'

(AP) - Stephen Colbert is replacing David Letterman as CBS' late-night host.

CBS announced Thursday that "The Colbert Report" host will replace Letterman when he retires next year. Colbert is signed for five years.

Letterman has hosted "Late Show with David Letterman" since 1993. He turns 67 Saturday.

Colbert says in a statement: "I never dreamed that I would follow in his footsteps, though everyone in late night follows Dave's lead."

Comedy Central's Emmy-winning "The Colbert Report" has been a hit since its launch in 2005.

It's official! CBS has announced that Stephen Colbert will replace David Letterman as the new host for the "Late Show."

Letterman announced his retirement last week.

Colbert became widely popular as the host and writer of the show "The Colbert Report."

More details are coming.



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