David Letterman has accomplished what no other late night host has managed to do: reach an agreement with the writers.  Of course, owning your own company does have its perks.

Letterman and his production company, WorldWide Pants, have been sitting down with the Writers Guild for some time now in hopes of working out a deal.  Late today, the two sides came to terms on an independent agreement that would allow both The Late Show with David Letterman and The Late Late Show with Craig Ferguson to come back on Jan. 2nd.  Although the two talk shows will technically be competing with the returns of Leno, O’Brien and Kimmel, CBS will easily have the advantage.  Letterman and Ferguson will be the only ones with the scripted jokes.

Stephen Colbert and Jon Stewart will also be returning - sans writers - on January 7th.