A recap of Deadline’s top TV stories this week:

stephen_colbert-350x262 Stephen Colbert Named CBS’ New ‘Late Show’ Host
By The Deadline Team
A week after David Letterman announced his retirement, CBS has named his successor. Stephen Colbert has inked a five-year deal to take over Late Show, a move that is effective as soon as Letterman officially steps aside from the late-night show he has headlined since its launch on CBS in 1993.

Related:
NBC’s Jimmy Fallon And Seth Meyers Welcome Stephen Colbert To ‘Late Show’: Video
Moonves Takes A ‘Late Show With Stephen Colbert’ Victory Lap
Stephen Colbert Does Not Envy Whoever Replaces David Letterman (Video)

David Letterman On Stephen Colbert’s Hire

CBS’ Late-Night Drama Not Over Yet Despite Practically Perfect Stephen Colbert Hire
By Lisa De Moraes
CBS’ announcement today that Comedy Central rock star Stephen Colbert would replace David Letterman as host of its late-night show in 2015 caps a whirlwind week in which the network jumped from being just a little footnote in the coverage of The Battle Of The Two Jimmys to the undisputed star of the late-night drama.

PILOTS 2014: Early Buzz Edition
By Nellie Andreeva
With less than a month until the upfronts, we’re kicking off our annual Pilot Buzz series. As usual, the first edition only includes a limited number of projects that have been garnering early attention as many pilots are still filming.

sharknado‘Sharknado 2′ Producers Are Willing To Add An Extra Scene — If Fans Cough Up $50,000
By The Deadline Team
It seems everyone has an opinion on Sharknado — even if they never saw it. Maybe especially if they never saw it. Those who are obsessed or distressed over the hit Syfy telefilm now can vent their glee or anger by pitching in (or not) to pay for an extra scene in the upcoming sequel.

Could It Be Curtains For The ‘Law & Order’ Franchise This Season With End For ‘SVU’?
By Nellie Andreeva
That is one of the most intriguing questions heading into the upfronts this year. Of Dick Wolf‘s five Law & Order series, only one — first spinoff Law & Order: SVU – is still on the air.

TNT Greenlights ‘The Librarian’ Offshoot Series Starring Rebecca Romijn; Noah Wyle Closes Deal To EP, Recur As Flynn Carsen
By Nellie Andreeva
With all producing deals closed and a cast in place, TNT has given the green light to The Librarians, a 10-episode series follow-up to the network’s hit movie trilogy The Librarian, for a premiere in late 2014.

warriorR.I.P. Ultimate Warrior
By Mike Fleming Jr.
James Hellwig, aka The Ultimate Warrior, has died at age 54 after reportedly collapsing in Arizona. We don’t usually eulogize wrestlers, but this one makes me feel bad.

CNN Gives Former Fox Star John Walsh New Home To Continue Hunting Most Wanted, Replaces Piers Morgan With Anthony Bourdain And Morgan Spurlock, Delves Into ‘Jesus Code’
By Lisa De Moraes
Two weeks after Piers Morgan signed off CNN with another blast at the NRA, network chief Jeff Zucker announced he would fill Morgan’s timeslot with Anthony Bourdain and Morgan Spurlock, among others, and that he has given former Fox star John Walsh a CNN platform from which to hunt down most-wanted.

On The Bubble: Where Endangered Broadcast Series Stand
By Nellie Andreeva
It is very difficult for showrunners to wrap production on a season without knowing if their series would get another season. Unfortunately, that is the nature of the network business, and about two dozen shows go though that every year.

NBC Creates Playground To Lure Comedy Writers Outside Of NY/LA Film Schools And Comedy Clubs
By The Deadline Team
NBC wants to find fresh comedic voices. NBC’s Entertainment President Jennifer Salke today announced “NBC Comedy Playground,” which the network is calling a “grassroots” initiative designed to invest in new “cutting-edge comedy” through a national campaign that offers aspiring comedy writers from across the country the opportunity to pitch ideas with the winners getting a show on the NBC schedule.