CBS didn't waste any time in announcing DAVID LETTERMAN'S replacement.  STEPHEN COLBERT will take over "The Late Show" sometime next year, although there's no specific timetable yet.  CBS also confirmed that Stephen is dropping the super conservative character he plays on "The Colbert Report". has a list of "12 Fascinating Facts About Stephen Colbert.

Here's video of Stephen's last guest appearance on "The Late Show", which happened this past December.

On "The Colbert Report" last night, Stephen said, quote, "There was some big news last week that slipped through my news crack and it concerns someone that I've admired for years and yet surprisingly is not me.