Craig Ferguson Quits CBS' Late Late Show

The Late Late Show is over for Craig Ferguson.

Ferguson announced to his studio audience at a taping for Monday’s program that he will step down as host of The Late Late Show in Dec. 2014. The news follows CBS’ decision to tap Stephen Colbert — and not Ferguson — to succeed David Letterman as host of The Late Show.

Said Ferguson, “CBS and I are not getting divorced, we are ‘consciously uncoupling,’ but we will still spend holidays together and share custody of the fake horse and robot skeleton, both of whom we love very much.”

“During his 10 years as host, Craig has elevated CBS to new creative and competitive heights at 12:30,” said Nina Tassler, Chairman, CBS Entertainment. “He infused the broadcast with tremendous energy, unique comedy, insightful interviews and some of the most heartfelt monologues seen on television.”

Added Tassler: “Craig’s versatile talents as a writer, producer, actor and comedian speak to his great days ahead.  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.”