Although he was passed over to replace his friend and mentor Johnny Carson in the Tonight Show chair, David Letterman will have the last laugh. The Late Show host has agreed to extend his contract with CBS through 2014, making him the longest-tenured talk show host in history.
While terms of the deal were not disclosed, Letterman currently earns an estimated salary of $28 million. The linchpin of CBS’ late-night lineup choreographed a similar two-year extension in 2009.
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