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After all the anticipation, CBS is replacing Late Show host David Letterman with Stephen Colbert.




The star of The Colbert Report thought just being a guest on the Late Show was an honor. The comedian would've never imagine stepping in for Letterman.




"Simply being a guest on David Letterman's show has been a highlight of my career. I never dreamed that I would follow in his footsteps, though everyone in late night follows Dave's lead," Colbert said, according to PEOPLE . "I'm thrilled and grateful that CBS chose me. Now, if you'll excuse me, I have to go grind a gap in my front teeth."




This triumph for the satirical conservative could only mean the end for the The Colbert Report which has aired on Comedy Central since 2005.




Executives of the cable network said the show will come to a finish in eight months.




"Comedy Central is proud that the incredibly talented Stephen Colbert has been part of our family for nearly two decades," the network said in a statement, referring to Colbert's time as a Daily Show correspondent before launching his titular spin-off. "We look forward to the next eight months of the ground-breaking Colbert Report and wish Stephen the very best."