Stephen Colbert to replace Letterman on late show - 21 News Now, More Local News for Youngstown, Ohio -

Stephen Colbert to replace Letterman on late show

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NEW YORK (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.

Colbert says in a statement: "I never dreamed that I would follow in his footsteps, though everyone in late night follows Dave's lead."

Comedy Central's Emmy-winning "The Colbert Report" has been a hit since its launch in 2005.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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