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Comedian Stephen Colbert gestures during the "Rally to Restore Sanity and/or Fear" on the National Mall in Washington, in this October 30, 2010 file photo. (Reuters)

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Stephen Colbert named as next host of CBS 'Late Show' to replace Letterman

Television host and comedian Stephen Colbert has signed a deal to become the next host of the CBS "Late Show," replacing David Letterman when he retires.

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