"There is only one Dave, and we are extremely proud that he continues to call CBS 'home,'" CBS CEO Les Moonves said in a statement. Joked Letterman in a statement of his own: "Les and I had a lengthy discussion, and we both agreed that I needed a little more time to fully run the show into the ground."
Other stars who deserve a late-night talk show
This year, the Late Show with David Letterman celebrated its 20th anniversary. During its run, the series has received 73 Emmy nominations and nine wins.
Are you excited for more Letterman?