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David Letterman signs contract extension

David Letterman, host of the “Late Show With David Letterman” has signed a new contract with CBS to host the program through the fall of 2010.

The deal ensures Letterman will be staying on the air past Jay Leno of NBC’s “Tonight Show”, who has already signed a contract to stay with that program through 2009. At that time, Conan O’Brian will become host of the program.”I’m thrilled to be continuing on at CBS. At my age you really don’t want to have to learn a new commute,” Mr. Letterman said in the announcement by CBS this past Monday.

“Thirteen years ago, David Letterman put CBS late-night on the map and in the process became one of the defining icons of our network,” Leslie Moonves, president and CEO of CBS Corp., said. “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. We are truly honored that one of the most revered and talented entertainers of our time will continue to call CBS ‘home.'”

Letterman is expected to make a little north of $30 million a year.