Craig Ferguson announces retirement from 'The Late Late Show'

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Craig Ferguson says he is stepping down as host of CBS' "The Late Late Show" this year.

CBS says Ferguson made the announcement to his studio audience Monday. It's the second late-night retirement for CBS, with David Letterman's decision to leave "Late Show" in 2015. Letterman will be succeeded by Stephen Colbert.

Ferguson says he will retire this December. CBS did not announce who will replace him.

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