Craig Ferguson Announces Departure from ‘The Late Late Show’ at End of the Year

Craig Ferguson announces retirement from CBS' 'Late Late Show' (Fox News)

A few weeks after David Letterman announced he'd be retiring from the CBS late-night television lineup, Craig Ferguson did the same.

Ferguson, host of "The Late Late Show" since 2005, told his studio audience during Monday's taping that he will step down at the end of the year. Ferguson's show airs after Letterman's, at 12:35 a.m. on weekdays.

The move was no surprise after CBS announced that Stephen Colbert will replace Letterman next year. There was a time that Ferguson, whose show won a Peabody Award in 2009, was considered a strong contender for that job.

But "The Late Late Show" has faded in the ratings, particularly with the arrival of Seth Meyers in February as competition in the same time slot.