Craig Ferguson will step down as host of CBS’ “ The Late Late Show” in December when his contract with the network expires after nearly a decade as David Letterman’s companion in the 11:35 a.m. slot.
Ferguson’s decision comes less than a month after Letterman announced his intention to retire next year, and about two weeks after CBS tapped Stephen Colbert as his successor. Ferguson’s move was not a surprise given CBS’ decision to turn elsewhere for Letterman’s replacement. Ferguson’s last contract with CBS ensured him a windfall payout of an estimated $8 million-$10 million once the Eye opted against giving him “The Late Show” slot.
Read more at Variety.
