The CBS late-night host has extended his contract through 2015. His deal had been set to expire in 2014.
In a statement, Letterman cracked that he had a conversation with CBS Chief Executive
Letterman has been with CBS since 1993. Though he currently trails rival
The news will put on the back burner -- at least for a little while -- speculation about who might succeed Letterman when he does step down.
Craig Ferguson, host of "The Late Late Show," which follows Letterman's show, has a contract that runs through the end of 2014. CBS is in talks with Ferguson regarding an extension of his contract as well.