01:25 PM EDT 04/24/2014

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David Letterman

Stephen Colbert Once Turned Down an Internship with David Letterman's Show (VIDEO)

Originally posted 04/23/2014 07:10AM

Here's a lesson for all of you struggling kids out there: Internships don't always lead to great gigs.

Case in point: Stephen Colbert, David Letterman's Late Night successor, revealed Tuesday night he once turned down an internship with the Late Show because it didn't pay.

He's done pretty well since then, however.

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Courteney Cox Nixes Friends Reunion on Letterman (VIDEO) | Courteney Cox

Courteney Cox Nixes Friends Reunion on Letterman (VIDEO)

Originally posted 04/22/2014 09:00AM

Looks as if they won't be there for you.

Courteney Cox visited The Late Show Monday night and, when asked by Dave Letterman – per a federally mandated law that requires everyone to inquire about this – about a Friends reunion, Cox was unequivocal: No dice.

Stop trying to make a Friends reunion happen, everyone.

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Credit: Danny Feld/ABC
Conscious Uncoupling? Kimye's Vogue Cover? Sounds Like Work for Scandal's Olivia Pope | Scandal, Kerry Washington

Conscious Uncoupling? Kimye's Vogue Cover? Sounds Like Work for Scandal's Olivia Pope

Originally posted 04/17/2014 12:00PM

Alas, Scandal's season 3 finale is upon us. Soon there'll be no more Liv and Fitz makeout sessions, heated walk-talks through White House corridors or oddly angled camera shots hoping to hide Kerry Washington's growing baby belly.

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Watch Out, Jimmy Fallon: Stephen Colbert Can Sing (and Dance), Too! | Stephen Colbert

Watch Out, Jimmy Fallon: Stephen Colbert Can Sing (and Dance), Too!

Originally posted 04/13/2014 08:30AM

Jimmy Fallon joked on Twitter that Stephen Colbert will need to change his first name to Jimmy when he joins the ranks of late-night talk show hosts next year, but he might not be smiling once the Colbert Report star settles into David Letterman's chair.

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Credit: CBS
Stephen Colbert, Late Show Regular: Watch 5 Memorable Visits with Dave | Late Show With David Letterman, David Letterman, Stephen Colbert

UpdatePosted 04/12/2014 12:00PM

WATCH: 5 Times Stephen Colbert Sat Down with David Letterman, and Proved He Had the Skills for the Late Show

Originally posted 04/10/2014 04:00PM

It's official: CBS has named Stephen Colbert the new host of the Late Show.

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Stephen Colbert Hilariously Riffs on Replacing David Letterman

Originally posted 04/11/2014 01:15PM

[YOUTUBE "VX5y2oo3ydo"] Stephen Colbert is so happy about landing the job as host of the Late Show on CBS, all he can do is get laughs about it.

Speaking to the audience on The Colbert Report, which Comedy Central executives say will end its run in eight months, Colbert, 49, paid homage to his Late Show predecessor.

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Credit: Jim Spellman/Wireimage; Jeffrey R. Staab/CBS
Stephen Colbert Replacing David Letterman

Stephen Colbert Replacing David Letterman

Originally posted 04/10/2014 12:35PM

Get ready for the late show with … Stephen Colbert.

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UpdatePosted 04/07/2014 05:00PM

Watch: The Simpsons Pays Tribute to David Letterman with Couch Gag

Originally posted 04/07/2014 03:00PM

[YOUTUBE "ldhf30YtWkI"] The Simpsons rarely fails to comment on a major pop-culture event, so it wasn't surprising that the show paid tribute to David Letterman's departure from the Late Show.

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Credit: Jeffrey R. Staab/CBS
David Letterman's Staff Was in Tears over Retirement News

David Letterman's Staff Was in Tears over Retirement News

Originally posted 04/04/2014 03:40PM

Just before David Letterman took to the stage to make his retirement announcement, his director shared the news with the staff, leaving them stunned and emotional.

"Some people were teary. Many people didn't know it ahead of time," a source tells PEOPLE. "People are really in shock. People can't believe it. We always thought it was gonna happen – just like that."

The show's star guest also got caught up in the moment, the source said of the scene before Thursday's Late Show taping, when Letterman, 66, said he will leave his late-night talk show in 2015.

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