Stephen Colbert Replacing David Letterman: Hollywood Reacts

Comedy Central

Fellow late-night hosts Jimmy Fallon, Jimmy Kimmel and Seth Meyers were quick to welcome him, as many celebrated the decision on Twitter.

The news that Comedy Central's Stephen Colbert is going to be taking over from David Letterman as the host of the Late Show prompted both positive and humorous reactions from Hollywood and the comedy community. 

STORY: 'Late Show': Stephen Colbert to Replace David Letterman as Host

Colbert has signed a five-year contract with CBS, according to Leslie Moonves, president and CEO of CBS Corp., who described him as "one of the most inventive and respected forces on television."

Larry King was quick to echo that sentiment, by tweeting his congratulations.

Jimmy Fallon will now go head-to-head with Colbert over on NBC, and he welcomed the challenge, but had a slight name change suggestion.

The other Jimmy (Kimmel) also heralded the decision by CBS.

Fellow late-night host Seth Meyers supported the choice for the CBS flagship show.

This Is 40 producer Judd Apatow also gave the choice a thumbs-up.

ESPN and NFL Live host Trey Wingo pointed out that the news was yet another blow for Comedy Central.

Longtime friend Jon Favreau couldn't be happier for his former colleague.

Meanwhile Arianna Huffington asked the question that's on everyone's mind.

Jon Cryer had a very comical, if somewhat strange, reaction.

As well as offering up his services as a co-host.

Mindy Kaling took the unique approach of comparing Colbert to Justin Bieber.

Meanwhile Ryan Seacrest said he is definitely going to tune-in.

CBS Late Late Show host Craig Ferguson welcomed Stephen to the family.

Neil Patrick Harris described the new choice as "rad."