© AP / Stephen Colbert
April 10, 2014, 12:03 PM EST
By Tony Maglio
TheWrap
TheWrap
CBS has named Stephen Colbert its new host of "Late Show," the network said Monday.
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.
"Stephen Colbert is one of the most inventive and respected forces on television,"
