04/10/2014 12:13 EDT | Updated 06/10/2014 05:59 EDT

Stephen Colbert to replace David Letterman as The Late Show host

CBS Television has announced that Stephen Colbert, currently host of The Colbert Report on The Comedy Network, will be the new host of The Late Show after the departure of current host David Letterman.

Letterman, the host of Late Night for the past 21 years, recently announced that he plans to retire from hosting the show in 2015.

More to come