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CBS announced Monday that Stephen Colbert will take over the "Late Show" after Labor Day. He's replacing David Letterman, who is retiring and will have his last show on May 20. CBS will air reruns of prime-time programming in the time slot until Colbert starts. (Associated Press)

CBS announced Monday that Stephen Colbert will take over the "Late Show" after Labor Day. He's replacing David Letterman, who is retiring and will have his last show on May 20. CBS will air reruns of prime-time programming in the time slot until Colbert starts. (Associated Press)

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