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CBS signs Stephen Colbert to 3-year extension

Stephen Colbert attends the 36th annual PaleyFest in

Stephen Colbert attends the 36th annual PaleyFest in Los Angeles on March 16. Credit: Invision/AP / Richard Shotwell

Stephen Colbert will be sticking around for four more years.

CBS announced Thursday that Colbert has signed a new contract that will keep him as the "Late Show" host through at least August 2023. His current pact was set to expire next August.

Terms were not disclosed. But it's a safe bet Colbert, 55, is in line for a healthy raise. He took over for David Letterman in 2015 and currently reigns as the most popular host on late-night television. The "Late Show" averages nearly 4 million viewers each night, with a widening lead over the second-place "Tonight" show with Jimmy Fallon.

Colbert quipped that he's been asked to stay "and I have every intention of honoring their subpoena."

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