Stephen Colbert is replacing David Letterman as CBS' late-night host.
CBS announced on Thursday that The Colbert Report host will replace Letterman when he retires next year.
Colbert is signed for five years.
Letterman, who turns 67 on Saturday, has hosted Late Show with David Letterman since 1993.
Colbert says in a statement: "I never dreamed that I would follow in his footsteps, though everyone in late night follows Dave's lead."
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Comedy Central's Emmy-winning The Colbert Report has been a hit since its launch in 2005.
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