Craig Ferguson: I'm Leaving Late Late Show

After 10 years at the helm of CBS' Late Late Show, Craig Ferguson has decided it's time to move on. The network "and I are not getting divorced, we are 'consciously uncoupling,' but we will still spend holidays together and share custody of the fake horse and robot skeleton, both of whom we love very much," he quipped in a statement. The Scottish-born host, who became a US citizen in 2008, has been with the show since January 2005 and plans to step down in December, reports the New York Times.

Ferguson's Late Late Show retirement comes as no surprise after CBS' decision to hire Stephen Colbert to replace David Letterman, the AP notes. Ferguson had once been considered a contender to replace Letterman, but his ratings dived after Seth Meyers arrived as competition in the same time slot in February. Neil Patrick Harris is believed to be interested in the Late Late Show gig, while Ferguson will become the host of game show Celebrity Name Game, according to the Hollywood Reporter. (More Craig Ferguson stories.)