Stephen Colbert will take over CBS's Late Show when David Letterman retires next year after more than two decades as host. "Simply being a guest on David Letterman’s show has been a highlight of my career," Colbert says in a statement. "I never dreamed that I would follow in his footsteps, though everyone in late night follows Dave’s lead." Colbert's premiere date will be announced after a timeline is set for Letterman to go off the air. CBS has a five-year contract for Colbert to host.
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