I am informed that The Late Show with Stephen Colbert (or as it may be called, The Late Show starring Stephen Colbert) will not be in any way affiliated with Dave Letterman's Worldwide Pants company. Furthermore, in a recent round of budget-cutting negotiations, Letterman's firm gave up half-ownership in The Late, Late Show with Craig Ferguson. CBS now owns the other half.
Also, someone read what I posted earlier and then posted on a forum, "Mark Evanier predicts Craig Ferguson will lose his 12:35 show!" No, Mark did not predict that. He suggested it's probably under discussion. Personally, I hope they leave the guy there. I think he's the best late night host currently on the air.