Dave Signs With 'Late Show' Until 2010
Letterman Plans To Stay On Air Longer Than His Late-Night Rival, Jay Leno
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David Letterman, right, with Jerry Seinfeld, is expected to make more than $30 million a year under terms of his new deal with CBS, which will keep him on the air until at least 2010.. (CBS, Jeffrey Neira)
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CBS Corp. announced Monday that the late-night funnyman has signed a contract to stay on the air until at least 2010. It was widely reported in September that Letterman had agreed to the deal.
The contract means Letterman plans to stay on the air longer than late-night rival Jay Leno. NBC has said Leno will give way to Conan O'Brien on the "Tonight" show in 2009.
"I'm thrilled to be continuing on at CBS," Letterman, 59, said. "At my age you really don't want to have to learn a new commute."
Letterman is expected to make somewhere north of $30 million a year. He's been competing with Leno since 1993, and the NBC comic has had the upper hand in the ratings for the past decade.Photos: David Letterman
"His presence on our air is an ongoing source of pride, and the creativity and imagination that the 'Late Show' puts forth every night is an ongoing display of the highest quality entertainment," said CBS Corp. President Leslie Moonves, who's been a target of Letterman's on-air barbs. "We are truly honored that one of the most revered and talented entertainers of our time will continue to call CBS home."
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