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OTRC: David Letterman, 66, announces 'Late Show' retirement

David Letterman poses for a selfie with Lady Gaga and Bill Murray on an episode of CBS' 'The Late Show with David Letterman' on April 2, 2014. A day later, he announced he is retiring from the series after creating and hosting it since 1993. (Jeffrey R. Staab / CBS)

David Letterman announced on Thursday, April 3, that he will retire as host of "Late Show" in 2015, when his current contract expires.

Letterman, 66, made the announcement during a taping of tonight's "Late Show" episode. The announcement, which can be viewed below, comes more than a month after Jay Leno left rival series "The Tonight Show" after 22 years.

"The man who owns this network, Leslie Moonves, he and I have had a relationship for years and years and years, and we have had this conversation in the past, and we agreed that we would work together on this circumstance and the timing of this circumstance," Letterman said in a statement. "And I phoned him just before the program, and I said 'Leslie, it's been great, you've been great, and the network has been great, but I'm retiring.'"

Letterman continued, "I just want to reiterate my thanks for the support from the network, all of the people who have worked here, all of the people in the theater, all the people on the staff, everybody at home, thank you very much. What this means now, is that Paul and I can be married."

"We don't have the timetable for this precisely down -- I think it will be at least a year or so, but sometime in the not too distant future, 2015 for the love of God, in fact, Paul and I will be wrapping things up," he added.

According to the statement, Letterman received a standing ovation from the audience in the Ed Sullivan Theater after making the announcement.

Letterman, has been the host of CBS's "Late Show," which he created, in 1993. Prior to that, he was the first host of "Late Night" on NBC from 1982 to 1992.

(Pictured above: David Letterman poses for a selfie with Lady Gaga and Bill Murray on an episode of CBS' 'The Late Show with David Letterman' on April 2, 2014, a day before he announced he is retiring from the series after creating and hosting it since 1993. Credit: Jeffrey R. Staab / CBS)

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