The comedian and political satirist will take on his new duties after David Letterman retires next year.
Colbert inked a five-year deal with CBS, according to the network. Specific creative elements, as well as the producers and the location for the Colbert-hosted "Late Show," have yet to be determined and announced at a later date, CBS said.
Letterman, who has sat behind the "Late Show" desk for 21 years, announced his pending 2015 retirement on April 3. The long-tenured late night personality mentioned 2015 as his exit year, though no more specific timeframe has been targeted at this point.
- Tony Maglio/TheWrap