Recently Jay Leno stepped down as the host of The Tonight Show and was replaced by Jimmy Fallon. Even more recently, Late Show host and longtime Leno rival David Letterman also announced that he would be retiring in 2015, effectively ending an era of late night TV many of us have known for most of our lives whether we watched the shows or not.

So of course the big question on everyone’s mind was who would be chosen to replace Letterman? Would it be Craig Ferguson from within CBS similarly to how NBC brought up Fallon? As it turns out, no. It’s been officially announced that they’ve chosen Stephen Colbert, host of the popular Comedy Central political satire show The Colbert Report, to replace Letterman. Unfortunately this also means that Colbert Report will be coming to an end.

You can read the press release of the announcement below.

Not that it’s much of a shocking result, but Conan O’Brien‘s brand new late night talk show on TBS, Conan, debuted last night to big results.

The show brought in higher ratings than all other late night contenders, including Jay Leno and his Tonight Show, David Letterman and his Late Show, John Stewart‘s Daily Show, and all others.

Conan lured 4.2 million sets of eyeballs (3.3 million in the coveted ages 18-49 demographic) to his new show, while Leno had 3.5 million and Letterman had 3.4 million. Even more interestingly perhaps, is that the median average age of O’Briens viewers was 30 years old, while competition Leno’s median age was 59 and Letterman’s was 53. It’s becoming more and more clear what late night shows the Fox News crowd is into.