Craig Ferguson Announces Retirement from The Late Late Show

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

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.

'CBS and I are not getting divorced, we are consciously uncoupling,' Ferguson said. 'But we will still spend holidays together and share custody of the fake horse and robot skeleton, both of whom we love very much.'
He told the audience it was his decision to leave, adding, 'CBS has been fine with me.'
CBS Entertainment Chairwoman Nina Tassler said Ferguson 'infused the broadcast with tremendous energy, unique comedy, insightful interviews and some of the most heartfelt monologues seen on television.'

Craig Ferguson, host of 'The Late Late Show' since 2005, told his studio audience during April 28,2014 Monday's taping that he will step down at the end of the year. 

Ferguson's show airs after Letterman's, at 12:35am on weekdays