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April 10, 2014 1:05 PM
NEW YORK - NOVEMBER 04: Stephen Colbert hostsComedy Central's 'Indecision 2008: America's Choice' at Comedy Central Studios on November 4, 2008 in New York City. (Credit: Brad Barket/Getty Images for Comedy Central)
(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.
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