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Dave Staying Up Longer
David Letterman isn't leaving the home office anytime soon.
The 59-year-old funnyman is close to inking a contract extension with CBS that will keep him at New York City's Ed Sullivan Theater as host of CBS' Late Show through the 2009-10 television season.
"The deal's not done, but they have an agreement in principle," says an industry insider familiar with the contract talks. "They're now doing what lawyers do."
Neither CBS nor Letterman's camp would comment, but a source said the discussions have been going on for several weeks with the expectation that Letterman and his Worldwide Pants production outfit would re-up with the network.
The sardonic comic takes home an annual paycheck of $31.5 million based on the extension he signed in 2002, per the Hollywood Reporter. The trade paper says his pay scale will be similar under the new agreement.
Letterman has had a good relationship with the higher-ups at CBS, especially head honcho Les Moonves, a recurring guest on the Late Show. In the "More with Les" segments, Letterman phones up his boss and cracks wise, often at Moonves' expense.
But these good vibes are a stark contrast to the atmosphere four years ago, when Letterman accused CBS of failing to properly promote the Late Show and fielded an offer from Disney-owned ABC to take over the late-night spot held by Ted Koppel's Nightline.
Letterman eventually decided to stick with CBS--his network home since 1993--joking that network execs "can't suck up to me enough." He signed a deal committing to two more years with an option for an additional two.
Despite word of the new pact, fans and friends haven't stopped wondering when Dave's going to call it a day. In January, after guest Albert Brooks quipped that he wished his friend well on the occasion of his impending retirement, Letterman promptly corrected him, saying he had another "two or three years to go."
Better make it four.
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