CBS has signed Stephen Colbert to a five-year to take over hosting duties from David Letterman on The Late Show. There is no set date yet as to when the torch will be passed, other than it will happen in 2015.
Letterman joined CBS in 1993 after being passed over for hosting The Tonight Show upon Johnny Carson’s retirement. NBC gave the show to Jay Leno.
Colbert, who turns 50 next month, started out in improv theater at Second City Chicago, where he met Steve Carell. The two of them would later become writers/correspondents for Comedy Central’s The Daily Show with Jon Stewart. Colbert started his spinoff series The Colbert Report in 2005, which won the Emmy for Outstanding Variety Series in 2013.