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Craig Ferguson Stepping Down as Host of The Late Late Show

CBS' late-night landscape is going to look a lot different very soon. Just weeks after the network announced that Stephen Colbert would be replacing David Letterman as host of The Late Show, Craig Ferguson revealed that he will step down as host of The Late Late Show...

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Tim Surette

CBS' late-night landscape is going to look a lot different very soon. Just weeks after the network announced that Stephen Colbert would be replacing David Letterman as host of The Late ShowCraig Ferguson revealed Monday that he will step down as host of The Late Late Show.

After logging 10 years on the job, Ferguson will cease his duties as Late Late Show host this December when his contract with CBS expires. The Scotsman broke the news to the studio audience attending a taping of Monday's show.

Who should replace Letterman? Our Top 10 list

"CBS and I are not getting divorced, we are 'consciously uncoupling,'" Ferguson said, using the euphemism Gwyneth Paltrow and Chris Martin used to announce their split. "But we will still spend holidays together and share custody of the fake horse and robot skeleton, both of whom we love very much."

"Craig's versatile talents as a writer, producer, actor and comedian speak to his great days ahead," CBS chairman Nina Tassler said in a statement. "While we'll miss Craig and can't thank him enough for his contributions to both the show and the network, we respect his decision to move on, and we look forward to celebrating his final broadcasts during the next eight months."

Ferguson's next project is to host the syndicated game show Celebrity Name Game. In addition to his work on Late Late Show, Ferguson has hosted The Price is Right, starred on The Drew Carey Show, and wrote and starred in a trio of films: The Big Tease, Saving Graceand I'll Be There.

Watch Ferguson in action as host of The Late Late Show right here, and see his announcement below.

Well, we might as well start asking the question: Who should replace Ferguson as host of The Late Late Show?