Stephen Colbert To Replace David Letterman on 'The Late Show'

Stephen Colbert has been named the new host of "The Late Show." 

The 49-year-old Emmy-winning Colbert will take over from current host David Letterman, when he retires next year.

"Stephen Colbert is one of the most inventive and respected forces on television," said Leslie Moonves, CBS president and CEO. "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."

David Letterman Announces His Retirement from The Late Show

David Letterman has announced he will be retiring from The Late Show in 2015.

A video of the host breaking the news can be viewed below.

Beach House Perform "Myth" On Letterman

Beach House's recent performance of "Myth" on The Late Show with David Letterman, can be viewed by clicking read more.

Best Coast Perform "The Only Place" On Letterman

Best Coast's recent performance of "The Only Place" on The Late Show with David Letterman, can be viewed by clicking read more.

Mariachi El Bronx Perform "Revolution Girls" On Letterman

Mariachi El Bronx's recent performance of, 'Revolution Girls' on Letterman can be viewed by clicking read more.

Explosions In The Sky Letterman Performance

Explosions In The Sky's recent performance of, 'Postcard From 1952', on Letterman, can be viewed by clicking read more.

Augustana on Late Show with David Letterman Video

A video of Augustana performing 'Steal Your Heart' on last night's The Late Show with David Letterman‏, can be viewed by clicking read more.

Jimmy Eat World David Letterman Performance

Jimmy Eat World's recent performance of, 'My Best Theory', on David Letterman, can be seen by clicking read more.

Jimmy Eat World To Appear on the Late Show with David Letterman

Jimmy Eat World will be appearing on the Late Show with David Letterman at the end of September.

Don't forget to enter our contest to win 'Your Best Theory' on 7" vinyl. Full details can be found here.

'Invented' is out September 28th via Interscope and is available to pre-order here.

Runner Runner To Perform on The Late Show With David Letterman

Runner Runner will be performing on The Late Show With David Letterman on Septemebr 29th.

Runner Runner are signed to Letterman's Worldwide Pants Inc. label with Capitol Records and MRV.

Their self-titled album is released on October 12th.

The Pretty Reckless David Letterman Performance Video

A video of The Pretty Reckless' recent performance of 'Make Me Wanna Die, on David Letterman, can be viewed by clicking read more.

She and Him David Letterman Performance

She and Him's performance of 'In The Sun' live on David Letterman can be seen by clicking read more.

Alkaline Trio To Appear on David Letterman

Alkaline Trio will be appearing on The Late Show with David Letterman on March 10th.

Vampire Weekend Live On Letterman Video

A video of Vampire Weekend performing 'Cousins' on David Letterman can be viewed by clicking read more.

Manchester Orchestra on Letterman

A video of Manchester Orchestra performing 'I've Got Friends' on Letterman can be seen by clicking read more.

Manchester Orchestra To Be On Letterman

Manchester Orchestra will be on Late Night With David Letterman on Wednesday.