CBS announced on Thursday (April 10th) that Stephen Colbert will be taking over hosting duties on The Late Show when David Letterman retires in 2015. According to TMZ, he has signed a five-year deal with the network. The Colbert Report host said in a statement, "Simply being a guest on David Letterman's show has been a highlight of my career. I never dreamed that I would follow in his footsteps, though everyone in late night follows Dave's lead. I'm thrilled and grateful that CBS chose me. Now, if you'll excuse me, I have to go grind a gap in my front teeth." Network president Les Moonves added, "Stephen Colbert is one of the most inventive and respected forces on television. 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." Letterman released a statement after the announcement was made saying, "Stephen has always been a real friend to me. I'm very excited for him, and I'm flattered that CBS chose him. I also happen to know they wanted another guy with glasses." Comedy Central addressed the news in a statement which read, "Comedy Central is proud that the incredibly talented Stephen Colbert has been part of our family for nearly two decades. We look forward to the next eight months of the ground-breaking Colbert Report and wish Stephen the very best." Colbert was originally part of Comedy Central's The Daily Show from 1997 until he left in 2005 to launch The Colbert Report.