Ferguson will make the announcement during Monday’s show, which features guests LL Cool J and The Vampire Diaries’ Candice Accola. The Late Late Show change means CBS’ entire late-night lineup will undergo a facelift, with The Colbert Report’s Stephen Colbert already having been tapped to replace a retiring David Letterman as host of Late Show starting in 2015. CBS Entertainment Chairwoman Nina Tassler said Ferguson "infused the broadcast with tremendous energy, unique comedy, insightful interviews and some of the most heartfelt monologues seen on television." Mr. Ferguson said in a statement, “CBS 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,” referring to two favorite props on the show. The Ferguson-hosted Late Late Show has been averaging less than half of what NBC’s new Late Night With Seth Meyers is pulling in the key adults 18-49 demographic. The network ruled out Chelsea Handler for the Late Late Show gig earlier this month, telling THR that “there are no discussions” with the E! Meanwhile, Ferguson already has his follow-up gig lined up: hosting FremantleMedia North America’s syndicated game show Celebrity Name Game. It's been an unusually busy period of personnel changes in the late-night television arena. Jimmy Fallon took over the "Tonight" show on NBC from Jay Leno in February and was an instant sensation, ascending to the top of the ratings against Letterman and ABC's Jimmy Kimmel. Ferguson says he is stepping... (Associated Press) 
 
 Ferguson, host of "The Late Late Show" since 2005, told his studio audience during Monday's taping that he will step down at the end of the year. There was a time that Ferguson, whose show won a Peabody Award in 2009, was considered a strong contender for that job.
– 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.