David Letterman, Craig Ferguson sign contract extensions, will stay on CBS through 2014

david-letterman-threats-cbs.jpgThere's good news for fans of CBS late night. David Letterman and Craig Ferguson have both signed contract extensions and will be on the network through 2014.

In a statement, CBS Entertainment head Nina Tassler says, "David Letterman is a late night legend with an iconic show and Craig Ferguson continues to evolve the genre in exciting and innovative ways. These new agreements deliver ongoing high-quality entertainment for our audience and continued strength and stability for CBS in late night."

Letterman began his "Late Show" run on CBS in August 1993. During his nearly 20 years with the network, he's won nine Emmys, including six for "Outstanding Variety, Music or Comedy Program." Ferguson joined "The Late Late Show" as host in 2005 and earned a Peabody Award in 2009.

Now, in the spirit of the news, here's the Top Ten Reasons Why CBS Extended Letterman's contract:

10. It gives Dave's mom something to do.
9. Waiting for Hugh Grant to get caught with another hooker.
8. A change of host would prove too confusing for Regis.
7. Still another three years on the Ed Sullivan Theater lease.
6. Too expensive to change our marketing campaign from the long-standing "We're #2."
5. Julie Chen has no interest in doing "Late Night."
4. Dave thinks CBS interns are hotter.
3. Caught Leno spying in a closet again. Had security promptly throw him out.
2. Don't want to be stuck finding another gig for Paul Shaffer.
1. It's either sign him or lose him to TBS.


Photo/Video credit: CBS
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