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David Letterman to Remain "Late Show" Host Through 2015

Ray Tamarra/FilmMagic(NEW YORK) -- David Letterman is staying put on CBS' Late Show for the next two years.  He and CBS have agreed to a contract extension that will keep him as host of Late Show through 2015.

Letterman, 66, jokes in a statement that he and CBS CEO Les Moonves had a "lengthy discussion, and we both agreed that I needed a little more time to fully run the show into the ground."

Letterman's contract had been set to expire in the fall of 2014.

Letterman is the longest-running late-night talk show host in TV history.  He's hosted CBS' Late Show for the past 20 years, after previously hosting NBC's Late Night.

Letterman's longtime late-night rival, Jay Leno, will say goodbye to NBC's Tonight Show next February.  He will be replaced by Jimmy Fallon, who will hand over Late Night to Seth Meyers.

Copyright 2013 ABC News Radio

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