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A few weeks after David Letterman announced he'd be retiring from the CBS late-night television lineup, Craig Ferguson did the same.

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. Ferguson’s show airs after Letterman’s, at 12:35 a.m. on weekdays.

The move was no surprise after CBS announced that Stephen Colbert will replace Letterman next year. There was a time that Ferguson, whose show won a Peabody Award in 2009, was considered a strong contender for that job.

But “The Late Late Show” has faded in the ratings, particularly with the arrival of Seth Meyers in February as competition in the same time slot.

“CBS and I are not getting divorced, we are consciously uncoupling,” Ferguson said. “But we will still spend holidays together and share custody of the fake horse and robot skeleton, both of whom we love very much.”

Ferguson said he already has a new job lined up, as host of “Celebrity Name Game,” a syndicated game show set to debut later this year.

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Seth Meyers will go from late night to prime time in August: The funnyman will host this year's Emmy Awards, NBC and the Television Academy confirmed.

TV's biggest night falls at 8 p.m Aug. 25 on NBC, and the network certainly has proved to have a pool of worthy hosts (Amy Poehler, Tina Fey). Perhaps only a slightly less obvious choice than recently installed "Tonight Show" host Jimmy Fallon (who hosted in 2010), the selection of Meyers comes on the heels of the "Saturday Night Live" alum being named one of Time magazine's 100 most influential people in the world for 2014.

Recently tapped to replace Fallon as “Late Night” host, Meyers previously served as a writer and performer on “SNL” - and as host of its “Weekend Update.” His ease in front of a crowd extends beyond that: He hosted the ESPYs for two consecutive years and served as ringleader of the White House Correspondents’ Assn. dinner in 2011.