David Letterman to Retire: Hollywood Reacts

 CBS

As revealed by the host during the taping of Thursday's show, David Letterman is set to retire from Late Show when his contract expires in 2015. 

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"We don’t have the timetable for this precisely down -- I think it will be at least a year or so, but sometime in the not-too-distant future, 2015 for the love of God, in fact, [bandleader Paul Shaffer] and I will be wrapping things up," Letterman told his audience. 

CBS president Leslie Moonves praised the "wit, gravitas and brilliance" of the late-night host in a statement: "Dave has given television audiences thousands of hours of comedic entertainment, the sharpest interviews in late night, and brilliant moments of candor and perspective around national events."

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After the news broke on Thursday, Letterman's peers and other entertainment industry notables paid tribute to the host:

“David Letterman is a legend. I have had the unique pleasure of watching him as a fan and competing against him as a fellow host. He has set a standard for comedy in late night that I strive to achieve every single day," late-night host Arsenio Hall said in a statement. 

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