The Colbert Report—and the character Stephen Colbert played on the Comedy Central series—is coming to an end.
"Comedy Central is proud that the incredibly talented Stephen Colbert has been part of our family for nearly two decades," the network said in a statement. "We look forward to the next eight months of the ground-breaking Colbert Report and wish Stephen the very best."
The host told the New York Times his character from The Colbert Report is also done. "I won't be doing the new show in character, so we'll all get to find out how much of him was me. I'm looking forward to it," Colbert said.
Colbert will take over Letterman's hosting gigs in 2015. CBS' Les Moonves and Nina Tassler announced Colbert's new five-year deal a week after Letterman announced his plans to retire.
"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. 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."
No location has been set yet for Colbert's Late Show tenure, but both Los Angeles and New York are jockeying to be home to the show. Producers have also yet to be announced.
"Stephen Colbert is one of the most inventive and respected forces on television," Les Moonves said in a statement. "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."