CBS: Colbert to replace Letterman in 2015

NEW YORK — Stephen Colbert, the host, writer and executive producer of "The Colbert Report," will succeed David Letterman as host of "The Late Show" in 2015, CBS announced today.

"Stephen Colbert is one of the most inventive and respected forces on television," CBS Chairman and CEO Les Moonves said in a statement. "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."

Letterman announced he was retiring next year when he taped his April 3 show.