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Craig Ferguson Leaves ‘Late Late Show’

Late night has a whole new cast of characters. Craig Ferguson is leaving The Late Late Show in December after nearly nine years at the helm. CBS recently announced the impending departure of David Letterman and a decision to replace him with Stephen Colbert. He's making out pretty well, though—in Ferguson's contract, CBS is obligated to pay him as much as $10 million if he wasn't tapped for Letterman's slot.