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Truthiness: Colbert to Replace Letterman at CBS

After hosting his own Comedy Central show for nearly a decade, comedian Stephen Colbert has been tapped to succeed David Letterman as host of CBS's (NYSE:CBS) "The Late Show," the network announced on Thursday.Colbert, who has won multiple Emmy awards at Viacom's (NASDAQ:VIAB) Comedy Central, signed a five-year deal with CBS to replace Letterman when the elder comedian retires after 21 years as a late night host sometime in 2015. "Simply being a guest on David Letterman's show has been a highlight of my career," Colbert said in a statement. "I never dreamed that I would follow in his footsteps, though everyone in late night follows Dave's lead." Colbert is best known for his role as the satirical host of "The Colbert Report" where the comedian lampoons conservatives on a nightly basis. "Stephen Colbert is one of the most inventive and respected forces on television," CBS CEO Leslie Moonves said in a statement. "David Letterman's legacy and accomplishments are an incredible source of pr...

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