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  • Talk show host Stephen Colbert, left, and rapper Kayne West...

    Ethan Miller, Getty Images

    Talk show host Stephen Colbert, left, and rapper Kayne West attend the Comedy Central Emmy Awards party at STK restaurant in Los Angeles, California.

  • Stephen Colbert visits "The Tonight Show Starring Jimmy Fallon" at...

    Theo Wargo, Getty Images

    Stephen Colbert visits "The Tonight Show Starring Jimmy Fallon" at Rockefeller Center in New York City.

  • Stephen Colbert walks down the isle during Northwestern University's 153rd...

    William DeShazer, Chicago Tribune

    Stephen Colbert walks down the isle during Northwestern University's 153rd Annual Commencement Ceremony at Ryan Field.

  • Stephen Colbert visited "Late Show with David Letterman' on Tuesday...

    CBS

    Stephen Colbert visited "Late Show with David Letterman' on Tuesday for the first time since it was announced that Colbert would replace Letterman when the longtime host retired.

  • Actor and television host Stephen Colbert, left, and his wife...

    Andrew Harrer, Bloomberg

    Actor and television host Stephen Colbert, left, and his wife Evelyn "Evie" Colbert arrive at a state dinner hosted by U.S. President Barack Obama and U.S. First Lady Michelle Obama in honor of French President Francois Hollande at the White House in Washington, DC.

  • Comedy Central comedians and television hosts Jon Stewart, right, and...

    Saul Loeb, AFPGetty Images

    Comedy Central comedians and television hosts Jon Stewart, right, and Stephen Colbert, left, sing as thousands gather for the "Rally to Restore Sanity And/Or Fear" on the National Mall in Washington, DC.

  • Comedians Stephen Colbert, right, and Jon Stewart perform at the...

    Olivier Douliery, McClatchy-Tribune

    Comedians Stephen Colbert, right, and Jon Stewart perform at the Rally To Restore Sanity and/or Fear on the National Mall in Washington, DC. Stewart and Colbert held the rally, which tens of thousands of people attended.

  • Stephen Colbert gives his keynote speech during Northwestern University's 153rd...

    William DeShazer, Chicago Tribune

    Stephen Colbert gives his keynote speech during Northwestern University's 153rd Annual Commencement Ceremony at Ryan Field.

  • Comedian Stephen Colbert reacts as he testifies during a hearing...

    Alex Wong, Getty Images

    Comedian Stephen Colbert reacts as he testifies during a hearing before the Immigration, Citizenship, Refugees, Border Security, and International Law Subcommittee of the House Judiciary Committee on Capitol Hill in Washington, DC. The hearing was to examine the needs of immigrant agricultural workers for the farming industry.

  • Comedian Stephen Colbert addresses the media after attending a Federal...

    Mark Wilson, Getty Images

    Comedian Stephen Colbert addresses the media after attending a Federal Election Commission (FEC) hearing to ask for a media exemption to create a political action committee (PAC) in Washington, DC. Colbert was given the go ahead from the FEC to launch a super political action committee to raise unlimited amounts of campaign cash for the upcoming 2012 political season.

  • Stephen Colbert visits "The Tonight Show Starring Jimmy Fallon" at...

    Lloyd Bishop, NBC

    Stephen Colbert visits "The Tonight Show Starring Jimmy Fallon" at Rockefeller Center in New York City.

  • Source Caption: Stephen Colbert walks down the isle during Northwestern...

    William DeShazer, Chicago Tribune

    Source Caption: Stephen Colbert walks down the isle during Northwestern University's 153rd Annual Commencement Ceremony at Ryan Field.

  • Second City alumni Paul Dinello, left, and Stephen Colbert, right,...

    Chris Sweda, Chicago Tribune

    Second City alumni Paul Dinello, left, and Stephen Colbert, right, perform a skit at "The Second City Celebrates 50 Years of Funny" event at Pipers Alley in Chicago.

  • Comedian Stephen Colbert addresses the media after attending a Federal...

    Mark Wilson, Getty Images

    Comedian Stephen Colbert addresses the media after attending a Federal Election Commission (FEC) hearing to ask for a media exemption to create a political action committee (PAC) in Washington, DC. Colbert was given the go ahead from the FEC to launch a super political action committee to raise unlimited amounts of campaign cash for the upcoming 2012 political season.

  • Comedian Stephen Colbert arrives at the White House in Washington,...

    Nicholas Kamm, AFPGetty Images

    Comedian Stephen Colbert arrives at the White House in Washington, DC.

  • Comedy Central's Stephen Colbert, right, gestures during a performance as...

    Mandel Ngan, AFPGetty Images

    Comedy Central's Stephen Colbert, right, gestures during a performance as US President George W. Bush, center, and Tom Curley of the Associated Press, left, look on at the White House Correspondents' Association Dinner at the Washington Hilton Hotel in Washington, DC.

  • Grand Marshal and Northwestern alumnus Stephen Colbert is photographed by...

    Anthony Robert La Penna, For the Chicago Tribune

    Grand Marshal and Northwestern alumnus Stephen Colbert is photographed by a fan with a cell phone camera as Colbert leads the Northwestern University's 2006 Homecoming Parade in Evanston, Ill.

  • Stephen Colbert, from left, Jon Stewart and Steve Carell perform...

    Jason Kempin, Getty Images

    Stephen Colbert, from left, Jon Stewart and Steve Carell perform onstage at Comedy Central's Night Of Too Many Stars: An Overbooked Concert For Autism Education at the Beacon Theatre in New York City.

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PUBLISHED: | UPDATED:

Northwestern grad and Second City alum, Stephen Colbert will be taking over for David Letterman on ‘The Late Show’ when Letterman retires next year.