TV history was made Thursday, as late night host David Letterman announced he will be retiring in 2015.

Letterman told his studio audience:“(Les) and I … we have had this conversation in the past, and we agreed that we would work together on this circumstance and the timing of this circumstance,” Letterman said during a taping of Thursday night’s show. “And I phoned him just before the program, and I said, ‘Leslie, it’s been great, you’ve been great, and the network has been great, but I’m retiring.’

“What this means now, is that Paul and I can be married,” Letterman quipped.

There’s no precise timetable for his departure, said Letterman.

“It will be at least a year or so, but sometime in the not too distant future, 2015 for the love of God,” he added, to a standing ovation from the audience in the Ed Sullivan Theater.

Watch Dave make the historic announcement

Rumours are already swirling as to who should replace Letterman. Front runners being mentioned this far are Conan O’Brien and Craig Ferguson.

Who do you think should replace Letterman? Let us know in the comment section below.

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