David Letterman and Craig Ferguson won’t be looking for work anytime soon. They’ve both signed contract extensions with CBS to stay with their respective late night talk shows — Late Show with David Letterman and The Late Late Show with Craig Ferguson — through 2014.
Both programs have been produced by Letterman’s Worldwide Pants production company but, as part of the new agreement, CBS will take some of the ownership of the Ferguson-hosted series. Under the extension, Letterman is expected to make late night history, surpassing the 30 year record held by his idol, the late great Johnny Carson.
Here’s the CBS press release with further details:
CBS ANNOUNCES NEW CONTRACT EXTENSIONS WITH LATE NIGHT STARS DAVID LETTERMAN AND CRAIG FERGUSON THROUGH 2014
CBS has reached agreements with David Letterman and Craig Ferguson for contract extensions to host their respective late night franchises – LATE SHOW and THE LATE LATE SHOW – through 2014, it was announced today by Nina Tassler, President, CBS Entertainment. Both series are produced by Worldwide Pants, Inc.