'Late Show' host David Letterman to retire next year

Photo courtesy ABC News and Kevin Mazur/Getty Images

It's the end of an era. David Letterman announced Thursday that he'll retire in 2015 when his contract is up.

The announcement was made during a taping of "Late Show with David Letterman," ABC News confirmed.

"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. 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,'" said Letterman, according to reports.

To read the full story from ABC News, click here.