In the biggest late night comedy news since Jay Leno lost the Tonight Show and then lost it again, Stephen Colbert has been named as David Letterman's replacement when he leaves the Late Show next year.
A clause in Late Late Show host Craig Ferguson’s contract with the CBS automatically pays him $8 to $12 million if someone else is signed as Letterman’s replacement.
CBS has announced Drew Carey and Craig Ferguson will swap places on April 1st. Drew will host The Late Late Show (with guests Carl Reiner and Joan Jett), and Craig will be presenting the Plinko board on The Price Is Right.
The Science Channel announced at SXSW Saturday night that Craig Ferguson, comedian and host of The Late Late Show, will produce a new series called "I F-ing Love Science!"